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Copper Fails At $2.70 Per Pound

Copper Fails At $2.70 Per Pound

July 12, 2017

Copper rallied at the end of Q2 as LME stocks declined. In my latest work for Seeking Alpha, I examine the recent price action in copper and explain why the nonferrous metal has been moving with inventory levels, why this is nothing new, and warn that those trading the red metal or copper-related equities need to keep a close eye on inventory reports from the London Metals Exchange.

Article: Copper Fails At $2.70 Per Pound

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