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Secret Weapon in the ‘Copper War’?

From agmetalminer.com

Copper demand continues to surge globally. And as the rest of the world struggles with the rising price of copper and the ever-changing copper market, guess who is sitting pretty? Hint: it’s China. Despite fears of a worldwide copper shortage driving copper prices to new highs, the world’s largest producer and consumer of refined copper continues to run production at near-record levels. Lending a helping hand in this endeavor is copper scrap, which China uses to get around the shortage of raw materials. According to a Reuter’s report, not every country is feeling the copper shortage, and China is one of them. This ... (full story)

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  • Category: Fundamental Analysis