Earlier this week, copper futures fell below $5,000 per tonne ($2.27 per pound). The price has halved since its peak in 2011. While the majority of copper producers (about 75% by our estimates) can still produce copper profitably at these levels, the trajectory of the price decline is telling about the economic situation not just in China, but arguably all over the world. In other words, it’s not just the developed world that should prepare for slow growth prospects going forward. WTI crude oil is down over 20%, gold and silver are down over 5%, copper is down 20%, and nickel has fallen 30% (all YTD and in USD according to Bloomberg).
www.proactiveinvestors.com/columns/...ning-in-metals-5711.html
Keine Kauf-Verkaufsempfehlung. "Das Glück des einen ist das Unglück des anderen"