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Is the copper rally for real?

Posted on 22 November 2016

Copper’s aggressive advance in the week since Donald Trump was elected president of the United States suggests investors are more bullish about growth than they have been in years, but strategists wonder if the rally is for real.
The metal used in cables and wiring jumped to a 17-month peak as high as $2.53 per pound after Trump’s victory on hopes he’ll make good on commitments to ramp up in construction in the U.S. After reaching a peak close to $4.50 in 2011, prices have languished around the $2 mark for the past few years, largely due to excess supply in a slow global growth environment…………………………………….Full Article: Source


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