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1.Market Observations, 8.Was Sticky

3 Feb 2020 (AFR) – Dr Copper has coronavirus, but will recover

(3 February 2020, AFR, p23, The Lex Column)

‘Commodity investors seeking quick returns should give copper a whirl if coronavirus infection rates go on dropping. Dr Copper is afflicted with a real-life illness. The red metal is seen as a physician that reveals economic maladies. It is used in everything from new homes to power transmission. Coronavirus has pushed the price down 11 per cent to around $US5600 a tonne. This implies a nasty slowdown will choke off demand from the factories and building sites of China, which use more than half the world’s supply.’

Read more at AFR.com (might need AFR login access)

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