Copper Prices Hit $10,000 a Ton. Are Investors Too Bullish?

Copper Prices Hit $10,000 a Ton. Are Investors Too Bullish?

We have watched with attention the new video of Bloomberg Television which is available on Youtube since April 26, 2024 and we think that it could catch the interest of many Internet users...

Most of our members follow our articles on Croblanc, so you are not very surprised that we talk to you today about the Youtube channel Bloomberg Television! The videos that are broadcasted there have been of great interest to the internet for quite some time now. That's why we're telling you about it today, because this new video might pique your interest.

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And as expected, the last video of the Youtube channel Bloomberg Television is a hit on the first feedback we could read! It manages to interest a lot of internet users, which is not always easy considering the amount of content that can be found now on the internet as well as on applications such as TikTok, Facebook or Instagram.

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For your information, you can find below the description of the video Copper Prices Hit $10,000 a Ton. Are Investors Too Bullish? published by the Youtube channel Bloomberg Television:

Ben Davis, mining analyst at Liberum, says copper's surge is "overdone" after prices hit $10,000 a ton for the first time in two years. "If you look at a lot of the physical fundamentals, the other kind of short term indicators like physical premium in China, that's collapsed to zero," Davis tells Bloomberg Television. "People have very strong and long-held beliefs that copper is going higher for longer, but this one feels a bit premature." Benchmark copper prices have rallied by 17% this year.
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