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Why China Can’t Stop the Rally in Copper

·3 min read
Why China Can’t Stop the Rally in Copper

Copper prices have dropped from a record high last month following efforts by China to stem the rally in commodities. Prices have responded to a rapid economic recovery, especially in China, says Matthew Fine, manager of the Third Avenue Value Strategy portfolios. If the clean energy goals that have been announced come to fruition, “it seems very likely that we will experience one of the strongest copper demand growth periods on record,” he says.