RE:RE:RE:RE:RE:RE:LME copper inventories drop below 100,000 TonnesMarket can be incredibly irrational in the short run. However, unlike Bitcoin, or other fads, we actually NEED copper to function in our society.
So, eventually when we don't have a healthy supply of it, the price has to go up, and rather predictably.
The market's looking at trend lines and RSI readings, and thinking a correction is "due"....which is another way of saying people are taking profits on their trades, and coming up with this excuse or that excuse.
That's all fine. In the end, more copper is needed, and CMMC is the cheapest meaningful copper producer going, with tons of upside leverage, so, in the meantime, and inbetween time, watch the fundamentals, not the noise.