RE:RE:RE:Buy it while it on SALE!!!Yes media loves Covid...China too.
China is grumpy with commodity prices...this really isn't about "true covid " China is purposely suppressing their economy to reduce commodity prices...they are just waiting to see what OPEC + does Sept 1st
"But less than a month later, the outbreak is showing early signs of winding down. Numbers have fallen steadily with the country reporting six new locally-transmitted symptomatic cases on Tuesday, and six more on Wednesday."
6 cases in a country of billions...the communists are grumpy with commodity prices.
https://www.cnn.com/2021/08/18/china/china-covid-delta-outbreak-intl-hnk/index.html
That said most investors will believe the media the rest of us sit back and watch in our long hold positions...while the company makes hundreds of millions in FCF at this price (which is actually ABOVE the management plan)
Reuters Aug 19, 20211hour ago2 minute read
Article content
LONDON Copper prices dropped on Thursday to their lowest in more than four months as China reining in growth, the U.S. central bank signposting its intention to reduce stimulus and rising COVID-19 cases triggered a major sell-off.
Reference: https://financialpost.com/pmn/business-pmn/copper-slides-as-china-fed-and-covid-19-trigger-sell-off