Copper defies predictions for a better future

Copper defies predictions for a better future. Economists say the world economy will do better this year. The copper market is saying that won't be enough to eliminate a supply glut that's lasted at least two years. Prices of the metal slumped to the lowest since October 2009 today, fueled by concerns that production is outpacing demand. Deutsche China's copper consumption will grow at the slowest pace since at least 2010. Bart Melek, Head of Commodity Strategy at TD Securities says Copper has been historically fairly decent envisioning what's to come in the economy. It doesn't like what it sees. (VIEW LINK)

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter