For years metals such as aluminium, zinc and nickel have been persistently oversupplied. The copper market, in contrast, has been much tighter, primarily because China needs to import the metal but is largely selfsufficient in other metals. This has seen copper trade at a premium to other base metals and be recognised as a good proxy for investors tracking China’s economic growth.
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Copper: Where is the bottom?
China, commodities, copper, Hermes Investment Management, institutional investors, pension funds
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