Base metal prices have been declining for four years, which suggests markets are well supplied.
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There are always two sides to a story. For commodity prices, it’s pretty straightforward what the two sides are: supply and demand.
Chinese growth of 6.5% sounds good would represent a structural drop in base metal consumption (photo: Leeotong16s)
Base metal prices have been declining for four years, which suggests markets are well supplied.
Modest bounce in copper shows fundamentals are improving
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