COPPER COLLEGE: Outlook murky in bearish copper market – analyst

The copper industry's currently bearish environment can be chalked up to five factors, according to one analyst, pointing to a drop in manufacturing growth from its peak at the end of 2017, increased interest rates globally, a stronger dollar, the perception of a loose market and the United States' introduction of Section 232 steel and aluminium.

These factors - combined with the lack of supply disruptions - have impacted copper and clouded the market, leaving copper industry participants in a precarious environment.
"The big, big thing that really changed the story this year was all this talk about tariffs," INTL FCStone analyst Edward Meir told attendees of the American Copper Council’s Copper College meeting - which runs May 7-10 in Denver, in the US state of Colorado. "Tariffs have been a game-changer for the commodities market."

Before the weekend, the Chinese government implemented a 30-day suspension on the inspection operations of the Chinese Certification and Inspection Group (CCIC) North America...


Dalton Barker

May 09, 2018

02:13 GMT