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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 (might need AFR login access)

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