The 2009 copper market
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Can the copper market recover in 2009? Do you have any insights? According to available information, in the second half of 2009, the copper market saw a slight recovery, with no major changes expected. Do any fellow sailors have any valuable suggestions or information?
Demand is weak worldwide; apart from a saturated human trafficking market, there is no market for anything else. :'( :'(
Large copper companies might be fine, but small copper mines are in a terrible situation; many of them have closed down.
There are so many extruded copper sheets that the warehouse can’t hold them all; they have to be stored in the open areas of the factory. There are probably several thousand tons in total. With such a large backlog, I’m really worried that the cash flow might break down someday. Production, on the other hand, is still going on as usual
There will be bread, and the market will improve.
Now the whole world is criticizing China; BUY CHINA. The day before yesterday, before Premier Wen gave his speech, Bloombery cited an article from last year saying that China was taking major actions. That day, oil, copper, iron – everything rose in price. BHB has risen by 20%; this year is likely to be a sideways market.
It’s unlikely to get warmer during the year; our factory has stopped producing electrowon copper wire and can only engage in the production of oxides! !
Recently, many market conditions have been abnormal; in any case, one must be cautious in whatever one does.