“The bull case on copper has grown even more compelling over the last month. Sentiment in the copper market has been boosted by yet more disruption to production.”
“We were expecting a sell off in copper and it's a healthy trend in the market. But I don't see any factor that will pull down the markets.”
“Copper is often perceived to be the barometer for market conditions and therefore a significant fall in copper prices could remove speculative support from other metals.”
“Copper prices fell because processors are reluctant to buy now, and demand on the spot market is not as strong as we'd expected.”
“The copper market is very tight. All you need is a strike or an accident at a mine for the prices of the metal to shoot up.”
“Our revision does not guarantee that the copper market moves to surplus, but it does suggest the market is coming closer into balance.”
“We see the writing on the wall of some changes that could be taking place in the copper market. However, at this point, we're not necessarily at a point where we can call for that yet.”
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