Quite frankly, I do not buy into these bearish views on copper. Given the current price in the $2.80 - $2.85 range, a significant amount of higher cost, low-margin production is underwater. I fully expect derivative markets to revert to normality; i.e., an outlook mostly driven by projections of short-term supply-demand fundamentals. At that point, the market will squeeze the massive short positions held by speculators.
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Investing
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