Investment companies are all over the map for copper futures. Half are bearish, half are bullish. What I get out of this is... nothing. Maybe small rises and small falls in price? Don't quote me on that. I'll be happy if copper just holds steady. It is too unpredictable. Let me (partially) explain why:
If all the copper mines cut production by half, there will be a deficit in supply, which means the price will rise. If none of the mines cut production, the price will probably fall because the supply for will be high and the demand for copper is low. A smart manager would cut production to increase the value of their product. But one mine cutting production will not make much of a difference, so that last statement is moot.
But nobody knows what each individual copper mine is planning, therefore hard to predict. That's just one piece of the pie.
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