Output down: A train loaded with copper cathodes travels inside the Chuquicamata copper mine in Chile. The production of the world’s largest copper producer fell by 1.5% over the first half of 2022. — Reuters
THE bears are out in force in the copper market.
Analysts at Citi recommend “accumulating a bearish position of any size” before a plunge in pricing, citing in particular the looming prospect of a recession in Europe.
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