RE:RE:Correlation...Joe, check your facts, in March China had about 300 B US in stimulus efforts..........almost twice as much as previous year. Chinese Premier Li Keqiang in Beijing on March 5, 2019. We’re cutting taxes, and politicians will have to spend less money on themselves. Keqiang lowered China’s growth forecast yesterday to as low as 6% to as high as 6.5%. (AP Photo/Andy Wong)
Copper prices fluctuate just like all metals, future demands for copper will increase
due to the EV revolution, and yes more production will come on line. Those companies that can produce copper in the buck and a half range or lower will do well. Those banking on $4 and $5 copper are likley not going to see it and if they do it will only be for a very small window down the road. Good compaines can do well with Copper prices from $2.75 to $3.00 and copper should stay between those goal posts for the forseeable future......one should not get too hung up on the daily fluctuations, look at the big picture. The market usually gets it right, share price is only worth what they trade for. Our game is to guess what they are going to be in the future......and that, none of us really know for sure.......not even you Joe.....g