Nothing Seems to Matter in Copper Markets, Except the Trade War
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Here’s a sign of how all-dominating the trade war has become in metals markets: Copper is slumping toward a three-month low even after Zambia moved closer to nationalizing some of its mines.
The lack of a reaction is even more surprising when compared with other market moves. Zambia’s Eurobond yields surged to a record high and the currency hit a 3 1/2-year low.