A Perfect Storm and Copper Bottomed Squeeze – by Jill Baker

by Jill Baker That so many analysts have been caught napping as the copper price ‘unexpectedly’ broke to new highs is something of a surprise, particularly given the compelling economic drivers that have been clearly signalling a supply squeeze for some years. Copper is thought to be the first metal humans discovered, dating back well […]

China iron ore extends gains on stimulus hopes, falling Brazil exports

(Reuters) – China’s iron ore futures rose on Tuesday along with other ferrous derivatives amid hopes of stimulus support for the global economy facing recession due to a coronavirus outbreak. Iron ore prices also got a boost after major supplier Brazil reported a 17.5% month-on-month decline in exports of the steelmaking raw material in February. […]