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Can copper’s price rally last?

From fastmarkets.com

While the copper market is in recovery mode, with confidence that the Covid-19 pandemic is starting to ebb, supporting both prices and underlying demand, the rate of growth through recovery is expected to wane somewhat in coming months. Some market observers say that starting sometime in the second half of this year there could be a price correction. “Even though industrial production in many regions of the world is still below pre-pandemic levels, the quickest part of this recovery is probably behind us,” Sergey Donskoy, a metals and mining analyst with Société Générale, said. Recently, however, there has been some inc ... (full story)

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  • Category: Fundamental Analysis