Navigating the Copper Conundrum

This chapter investigates the intricacies of the copper market amid contrasting financial narratives and real supply dynamics. It highlights the growing complexity faced by traders due to algorithmic influences and discrepancies between pricing in China and the London Metal Exchange. The discussion touches on the implications of expansion in smelter capacity, China's economic shifts, and the resulting bearish outlook if capital expenditures in the mining sector continue to decline.