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China is undergoing its third batch of critical gets offering, beginning on September 1. This sale will certainly consist of 150,000 lots of steel, including 70,000 tons of light weight aluminum, 50,000 tons of zinc, and also 30,000 lots of copper.
Because of this selling, copper has fallen from its highs in May.
Gianni Kovacevic, CEO of CopperBank gone over with David Lin, support of Kitco News, China's goals and also what the downside target of copper might be, as well as the lasting benefit capacity.
Follow David Lin on Twitter: @davidlin_TV ()
Follow Gianni Kovacevic on Twitter: @GianniKov ()
0:00 – China selling strategic books
12:06 – Copper's macro motorists
16:50 – CopperBank modification in leadership
18:30 – Copper rate projection
#copper #metals #investing
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Why is China dumping copper and flooding the metals market? Gianni Kovacevic
China is going through its third batch of strategic reserves selling, commencing on September 1. This sale will include 150,000 tons of metal, including 70,000 tons of aluminum, 50,000 tons of zinc, and 30,000 tons of copper.
Due to this selling, copper has fallen from its highs in May.
Gianni Kovacevic, CEO of CopperBank discussed with David Lin, anchor of Kitco News, China’s goals and what the downside target of copper may be, as well as the long-term upside potential.
Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gianni Kovacevic on Twitter: @GianniKov (https://twitter.com/GianniKov)
0:00 - China selling strategic reserves
12:06 - Copper's macro drivers
16:50 - CopperBank change in leadership
18:30 - Copper price forecast
#copper #metals #investing
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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Disclaimer: Videos are not trading advice and the views expressed may not reflect those of Kitco Metals Inc.
