Copper heats up

摘要

In late December, the world witnessed another important step towards limiting the growth of greenhouse gases with the UN Climate Change Conference in Copenhagen. General opinion agrees that the climate is facing unusual conditions in most regions of the world, but opinions vary about the causes. Today we see something similar happening in the copper market. Most players remain bullish, despite reported stocks continuing to pile up and the economy sending mixed signals. As with the warming of the climate, the question is what is causing the warming of the copper price -fundamentals or speculation?