This past Friday, inventories stood at 576,782 metric tons and Comex copper closed the week at $2.6490. Thus, inventories fell 325,036 metric tons, or 36%, and the price fell 37¢, or 12% -- closer to bear market territory.
A report from the front on copper pricing by The Copper Journal's John Gross.
The Copper Journal's John Gross says over the past 40 years or so, the spread inverted a number of times, often coinciding with higher copper prices, but it would be a stretch to say there was a consistent relationship each and every time.
While many people were getting ready for the July 4 holiday, our copper expert John Gross was digging into the pricing history of some key metals. What he learned may surprise you.
The Copper Journal's John Gross says past pricing cycles show us that copper will eventually hit $5 per pound.
Uncertainty about the impact of tariffs, trade sanctions and military action in Syria has sparked a rise in the price of aluminum and other metals.
Sometimes, the gyrations of the copper market are tough to explain. But The Copper Journal’s John Gross says every once in a while the stars align and it makes perfectly good sense.
John Gross sees some interesting parallels between President Trumps call for tariffs on steel and aluminum and a proposal for tariffs 35 years ago by President Reagan.
John Gross has spotted some correlation between copper prices and the 10-Year U.S. Treasury Bond.