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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (50847)	10/24/2018 8:21:30 AM
From: Goose94	Read Replies (1) \| Respond to of 203507

Dr. Copper: Geopolitical concerns and fears over a slowing Chinese economy weigh on demand for copper. Dr. copper prices have been falling amid rising concerns that the trade dispute between the United States and China could slow the Chinese economy, a crucial market for the metal. Jefferies analyst Christopher LaFemina says, "There is certainly a heightened level of fear." Despite the pessimism from equity investors, Mr. LaFemina predicts that copper stocks should start to recover in the next few months, as macroeconomic fears ultimately do not pan out. He also anticipates that copper fundamentals will remain strong and that supply shortfalls will eventually hit home. Next year, production at Freeport-McMoRan's massive Grasberg mine in Indonesia is expected to fall significantly and production declines are also expected at BHP's Escondida mine in Chile, which is the biggest copper mine in the world. Mr. LaFemina says, "This