Copper: Balistic boom is followed by catastrophic burst
“U.S. demand for copper may have reached a bottom amid government plans to boost spending on infrastructure and revive the economy, said the head of Codelco, the world’s biggest producer of the metal.” more here Link
Hmm these words from biggest producer of copper make sense in my opinion. Copper is one of the leading economic indicators from basic materials. Anyway the trajectory of future rebound is unknown but we can say we have some bottom at least for now.
Copper monthly chart below.