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BOS - Copper Waits For The Next Trade Shoe To Drop
DB Base Metals Short Exchange Traded Notes due June 1 2038
At $2.7115 per pound on November 7, the price of nearby December COMEX copper futures is trading at the top end of a range that has been in place since early September. Copper has been patient, as it is the commodity that often acts as a barometer of the health and wellbeing of the global economy.
The world's leading producer of copper is Chile. Political unrest in the South American nation is keeping a bid under the price of the red metal these days. Meanwhile, China has been the demand side of the equation for