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Is copper on its way back to US$5/lb?

China v Chile. That’s a snappy way of describing the competing forces in the copper market today, with a fading appetite for the metal in China butting up against the potential price-lifting effects of a triple-header miners’ strike in Chile, the home of copper mining.

Tim Treadgold
Is copper on its way back to US$5/lb?

The winners so far, but perhaps not for much longer, are traders, who subscribe to the falling price argument which says China has all the copper it needs leading to a fall in the price of the metal this...

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