| Speculators provide ‘sugar’ of liquidity but also create shivers, red metal producer says. The chairman of the world’s biggest copper producer said speculators were haunting the commodities markets, with portfolio flows driving prices rather than fundamentals of supply and demand.
A rise in copper prices over the last decade helped inflate a boom but supply cuts have been slower than needed as prices have slumped, Oscar Landerretche, chairman of Chile’s state-owned copper producer Codelco, told the FT Commodities Global Summit in Lausanne, Switzerland...............................................Full Article: Source
|