LORD COPPER: Following technological progress is key to predicting market development

Metals commodity players should take heed of how the oil market has reacted – or failed to react – to technological advances in planning its price strategy, according to Lord Copper.

One of the drivers of the weakness in commodity prices in recent times has been the continuing overproduction of oil by Saudi Arabia. All commodity markets have their own dynamic, but in the absence of specific issues, most will also follow their big brother: oil. The Saudis – or, strictly – Opec have begun talking about production cuts to ease the pressure of low prices on some members. The first thing to say about that is that it would appear to mark the end, in failure, of the policy to squeeze US shale producers out of business. The reality of the...

Published

Lord Copper

October 25, 2016

15:15 GMT

London