What's Behind the Rally in Copper?

The video discusses the paradox of rising global copper inventories and market trends, focusing on the differences between LME and Shanghai warehouse systems. It highlights the role of sentiment and psychology in copper trading, predicting a potential price decline by the year's end. The analysis suggests that while China's demand is growing, the market may be overestimating fundamentals, leading to a possible repeat of past price corrections.

What historical event is referenced to predict future copper price movements?

What is the estimated average price of copper expected by the fourth quarter of this year?