Category: Financial
- Published: 15 January 2015
- Written by Editor
The collapse in the price of copper has been staggering. Swift and immediate, the long, slow downward trend in the price has taken a turn for the worse.
The chart looks alarmingly like that of iron ore or oil and has many wondering what is behind the move. The price of copper is now at a 5 ½ year low and it appears that $6,000 per tonne was the level which really triggered the selling, particularly in Asia. There appears to be two main reasons for the sell off:
a relentlessly stronger US Dollar….
