Mike
Copper is being stockpiled by China, which short-term appears to have driven the price too high on purely industrial demand grounds. I think it is another way by which China is dumping dollars.
Richard — I've done similar excercises in the past and can confirm your observations!
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Mike
Copper is being stockpiled by China, which short-term appears to have driven the price too high on purely industrial demand grounds. I think it is another way by which China is dumping dollars.
Richard — I've done similar excercises in the past and can confirm your observations!