Thursday, February 26, 2015

Has the China RRR cut put a bottom in copper?

In a week of reports from major mining companies including Rio Tinto, Market Analyst Jasper Lawler looks at the outlook for copper given the recent sharp decline in prices and the action taken by the Chinese central bank.
Jasper covers
• The difficulty of China’s economic transition
• Improved production at mining companies
• The sharp sell-off in copper in January and subsequent rebound
• The impact of Chinese fiscal and monetary policy
• The impact of the USD and oil prices on copper
Copper rebounded from 5 ½ year lows last week to record its biggest weekly gain since August on the back of new stimulus measures in China and a rebound in oil prices.(more)

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