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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