Tag: china copper market

4
Jun

How China can help you profit from the copper market

Looking for a surefire market play?

There’s no such thing, of course.

However, a metal the modern world can’t do without offers something pretty darn close.

I’m talking about copper.

China is largely responsible for this opportunity.

Thanks in large part to that country’s massive appetite for copper, the metal’s gone from about 79 cents a pound in 2001 to nearly $5 per pound today.

This bullish trend is likely to continue, thanks again to China.

Historically, the country has used 40% to 50% of the world’s copper ore a year.

And in 2019, China gobbled up 51% of the world’s refined copper.