Chile Peso 2017, starts at 665.29

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lost gringo
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Re: Chile Peso 2017, starts at 665.29

Post by lost gringo » Wed Dec 27, 2017 4:46 pm

According to this article from Bloomberg, the recent rise in the price of copper is because China has cut their production not that demand has risen. So this may be temporary.

https://www.bloomberg.com/news/articles ... lts-plants
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Re: Chile Peso 2017, starts at 665.29

Post by admin » Thu Dec 28, 2017 7:24 am

Yea that makes no sense to me.

A Cut in the refinment of raw copper ore, causes a spike in the price.

I think it was an attempt by china to crash the price before the negotiation of next years ore contracts. It just did not have the desired effect.
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