Take physic, pomp

Copper pre-FOMC

Wednesday morning and four-and-a-bit hours before the real trading week begins, but whatever happens to the metals complex in the day and a half to come copper’s move back above U$4 in the last couple of days has been noteworthy:

Anyone who still thinks Dr. Copper is mostly influenced by US matters (currency, economy) would have had a tough time predicting this rebound, all before Mr. Powell does his thing. Maybe, just maybe, demand is robust among real end-users in the country that uses over half of the metal.

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