Trade War Drives Copper Into Worst Weekly Losing Streak Since '15

The video discusses whether the market has hit bottom, focusing on copper and aluminum. It highlights the potential for further deterioration in macro indices but suggests limited downside. Copper's fundamentals remain strong despite trade fears, with a surplus expected this year and a deficit next year. The transition of Grasberg to underground mining is a significant factor. Aluminum is experiencing a losing streak, with a significant portion of its cost curve underwater, leading to potential price increases due to spread trading and backwardation.

What is the expected bottom level for copper prices according to the analysis?

• 6200

• 6000

• 5800

• 5500

What is the expected surplus in the copper supply-demand model for this year?

• 50,000 tonnes

• 200,000 tonnes

• 150,000 tonnes

• 100,000 tonnes

What is the anticipated deficit in the copper market for the next year?

• 200,000 tonnes

• 50,000 to 80,000 tonnes

• 100,000 tonnes

• 30,000 tonnes

What percentage of the aluminum cost curve is underwater?

• 50%

• 60%

• 25%

• 70%

What trading strategy is predominantly used in the aluminum market?

• Futures trading

• Spread trading

• Spot trading

• Options trading