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The John Batchelor Show

#MrMarket: The price of copper. Simon Constable, Barron's.

The John Batchelor Show

John Batchelor

News, Arts, Society & Culture, Books

4.52.8K Ratings

🗓️ 5 January 2023

⏱️ 13 minutes

🧾️ Download transcript

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@Batchelorshow

##MrMarket: The price of copper. Simon Constable, Barron's.
https://www.barrons.com/articles/copper-is-sliding-where-inflation-could-send-prices-51672298103?mod=hp_LATEST


Transcript

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0:00.0

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0:35.0

I'm in constable riding for barons and other distinguished publications. Identifies copper

0:40.1

as the recession commodity to watch. Why? So I'm in a very good even to copper in demand

0:47.1

for these last years and decades because of the miracle so-called in China. Copper, copper,

0:53.2

and yet now I understand the copper prices have been soft for some time. Is there a driver

0:59.3

for this and your article in barons says there's a way to look at copper as a good investment

1:04.3

coming in this year. Certainly not much else is attractive for investing right now. So what

1:09.8

is copper's case? Why did it decline? Why can it rise again? Good evening to you.

1:15.2

Good evening to you, John. Just as a reminder to everybody, copper is absolutely vital in

1:19.6

the manufacture of cars because you need electricity to go around the car and in the construction

1:24.4

of buildings because you need lighting and heating to go on in those buildings. And if

1:30.6

you don't have that, you really don't have a building that's worth living in or a car

1:35.6

that can be driven in any way that makes any sense. So what I wrote about here was the outlook

1:42.2

for copper for 2023 and the big consensus that I got from people was it's likely to trend

1:48.6

down as demand dips, particularly China, which is having a really difficult time with

1:55.6

its economy at the moment. A lot of it I've got to say is probably self-imposed by China,

2:00.6

but that doesn't make any difference to the rest of the world. So we've got that going

...

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