Copper

“The European Union borders and the Schengen borders will be closed”

March 16, 2020 by Jonathan Custer

It’s becoming pretty clear, at least to us, that the world is going to look much different on the other side of this crisis. Diminished global supply chains and more nationalism. Slower growth and higher inflation. The speed and trajectory will depend on the outcome of the November presidential election. Macron’s full address for those …

Copper Price Decline Continues

March 16, 2020 by Jonathan Custer

Copper prices are down 17 percent since their Jan 16th 52-week high with no technical support in sight until $2.00 per pound, down another 16.6 percent from today’s close.

Copper Prices Bounce On China Stimulus

February 18, 2020 by Jonathan Custer

Copper prices hit a three-week high this morning as China, the world’s largest copper consumer, lowered a key interest rate to cushion the impact from the coronavirus outbreak. China’s central bank lowered the rate on a one-year medium-term lending facility (MLF) loans. Policymakers said on Saturday Chinese lenders will tolerate a higher level of bad …