Jon Bergtheil
Jon Bergtheil
copper days dollar driver indeed key past price three weakness
Dollar weakness in the past three days has indeed been a key driver of the copper price rise.
activity additional background driver economic extensive funds global investment metals ongoing price remains therefore
The economic background to metals is therefore supportive, but metals also have the additional price driver of extensive activity by investment funds. Ongoing investment into commodities by broad-based global funds remains very strong.
country demand input materials rapidly rather raw source
The real demand source is China, rather than Europe, but the country is rapidly alleviating its raw materials input problems.