Longing For China's Short [Copper]

'Always Be Long,’ Africa Miner Says

Global Glue Kicking In — China-Scale

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Copper’s spot price and active futures contracts are rising 2.2% at last look.

Copper is the global glue that assembles, fabricates, accelerates our world.

So-called volatility is accelerating in producer-copper equities such as Vale, Glencore, Freeport McMoRan FCX (up 5% right now), BHP, Rio Tinto, Teck Resources — and our preferred copper producer, Africa’s Ivanhoe Mines IVN IVPAF and sister-co Ivanhoe Electric (IE). *

Ivanhoe Mines Shares — Technical Chart (Al Marden, Las Vegas)

I remember many years ago, Ivanhoe’s Robert Friedland telling me and anyone who would listen, back in the Ivanhoe Mongolia-Oyu Tolgoi days, “Always be long what China is short of.”

Here is a fresh video interview of the Ivanhoe founder — Bloomberg news.  It’s less than 4 minutes. Video here please.

Copper is the global glue that assembles, fabricates, accelerates our world.