The market is run by China
Since the State stockist buyers stopped hitting the green button, copper’s fallen.
We’re now back at what looks like a technical floor level.
Therefore, we’d require new buying demand from China to kick in right here in order to shore up the price.
Bottom line: If those big State strategic buyers don’t come back to the market soon, copper will fall further. But the funniest thing is, they know that. Therefore, the copper price is now as political as it is financial.