'Bloomberg Commodities Edge': Copper's Rally to $10,000

Apr.29 — “Bloomberg Commodities Edge” talks to the smartest voices in the commodity world about the companies, the physical assets and the trading behind the hottest commodities. This week Bloomberg’s Alix Steel discusses copper’s rally to $10,000, the gain in agricultural prices and Glencore’s sustainability strategy.

7 thoughts on “'Bloomberg Commodities Edge': Copper's Rally to $10,000

  1. what? rip EVs, anyway, agree, we need back to bones cars, without all the smart software heist, just straight vehicles without tech, we already have overloaded tech on phones, laptops, and microwave ovens, etc. leave the cars alone, and I lost a lot of money on bmws in my life, but hydrogen supersedans will change all that, the future is hydrogen 800hp and 1200hp powertrains are now ready, you will see this soon, sedans, trucks and semis

  2. Misleading video. Around the @1:00 mark the backwardation of commodities is deemed "bullish" yet, as the presenter says, it's due to price hoarding now due to anticipation of tighter supplies in the immediate future (in this case three months) but more supplies in the future and thus lower prices in the future than today. That may be bullish for day traders but not for long term investors. For long term investors, contango is more bullish it seems to me: the anticipation of higher prices in the future.

    Definitions of terms (internet): Contango and backwardation are terms used to define the structure of the forward curve. When a market is in contango, the forward price of a futures contract is higher than the spot price. Conversely, when a market is in backwardation, the forward price of the futures contract is lower than the spot price.

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