Electricity could provide strength for sagging prices of key metals such as aluminum, copper and zinc, a commodities research report from Capital Economics says, while lower energy prices occur as the price of natural gas could divert and head higher on a relative basis. Weak China demand yet again is the culprit for lower metals prices In its weekly recap of commodity markets, editors Caroline Bain and Julian Jessop note the precipitous decline in industrial metals. On November 14, 2014, the price of copper stood at just over $3 per pound and today that price has been cut by nearly…
China Blamed For Weak Metals Prices, But Watch For Rise In Certain Commodities
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.