bullish

Copper

The Commodity Report #74

184 Views24 Oct 2022 22:50
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SUMMARY
  • Inventories of copper in warehouses run by exchanges such as the LME do not provide a complete picture of copper stocks in the supply chain since many industrial users will hold their own reserves of the metal.
  • But visible stocks can have a significant influence on sentiment in the market.
  • It’s just striking how negative the financial markets are about this industry, yet the physical market is so tight.
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