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Copper: The commodities slouch that has found top gear

Posted on 25 November 2016

Mood begins to turn on the metal as long-held assumptions are questioned. This year’s commodities slouch is playing catch up. Copper has suddenly burst into life, surging 14 per cent this month to above $5,500 a tonne as investors start to pick apart widely-held assumptions about the underlying dynamic for a metal used in everything from wiring to power grids.
The concern over a wall of supply from projects commissioned in the aftermath of the financial crisis is fading just as more optimistic views on demand in China and the US emerge………………………………….Full Article: Source


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