Is copper on the move?
Fluctuations in the price of copper have increasingly diminished in recent months and, when compared to the turbulent years of the commodities boom, price movements are painfully unspectacular at the moment. This has led to a fall in trading turnover and volume on the London Metal Exchange and, moreover, serious changes in the physical trading world. Many commodities dealers and banks have withdrawn from metal trading, and others will follow in the face of falling margins and an oversupply of physical goods. Only scarce commodities are easy to sell, and no improvement is in sight. A further commodities super cycle is not [...]
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