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 significance of the Grasberg transition mentioned in the text?

What trends are observed in the aluminum market according to the discussion?