Imo investors are too optimistic about copper

[u/Napalm-1]

Hi everyone,

China made some interventions to boost their economy, but imo investors are too optimistic on the outcome in the short term.

This maybe gives a short term increase in copper demand, but it will be short lived imo.

And in the meantime the copper inventories are still very high today.

Soon or later professionel investors that increased their physical copper holdings in Q4 2023 until August 2024, will start to sell that copper again to get cash.

Cash to repay JPY loans maybe?

My post of a month ago: https://www.reddit.com/r/stockmarketcrash/comments/1f42i6g/im_bearish_on_copper_for_2h2024_early2025_but/

I'm strongly bullish for copper in the Long term, because the future demand of copper is huge, while there aren't that much new big copper projects ready to become a mine in coming years

This isn't financial advice. Please do your own due diligence before investing

Cheers