Thursday, 5 March 2020

Does Copper offer an assymetric 'China bust' trade?

Copper seems to be being defended at about $2.53-2.55/ lb, I presume by Chinese buyers, who perhaps have loans against copper warehouse inventories.

Meanwhile Oil and Copper mining stocks are down 20-25% YTD

Is this the asymmetric China bust trade that Kyle Bass has been waiting for?


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