Commodity Trade Mantra

Posts Tagged ‘Bullish on Copper’

Citi and Goldman are Highly Bullish on Copper

With workers at the world’s largest mine, Escondida, set to begin a strike, and with a new Grasberg export permit yet to be granted after the prior permit expired almost a month ago (January 11), downside risks to supply appear increasingly likely to materialise and translate into copper production losses. With exchange copper stocks already very low, physical tightness could lead to price spikes.

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