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Majors to benefit first when copper price jumps

The ongoing tariffs dispute between the US and China and its negative impact on global trade has meant much of 2019 has been a snooze-fest for observers of the red metal as copper pricing hovered around US$2.60 a pound, far below the $3.50/lb incentive price the industry requires to build new mines. However, with just 10 days of consumption in official copper inventories, conditions are ripe for copper-price appreciation once the tariff dispute is resolved.

Majors to benefit first when copper price jumps Majors to benefit first when copper price jumps Majors to benefit first when copper price jumps Majors to benefit first when copper price jumps Majors to benefit first when copper price jumps

Copper producers such as Sweden's Boliden waiting for a sustained turnaround in the metal's price

The red metal may finally have woken from its slumber as China's imports increased in November and a November US jobs report indicated the economic situation may not be as bad as some had thought.