Why is China dumping copper and flooding the metals market? Gianni Kovacevic

China is going through its third batch of strategic reserves selling, commencing on September 1. This sale will include 150,000 tons of metal, including 70,000 tons of aluminum, 50,000 tons of zinc, and 30,000 tons of copper.

Due to this selling, copper has fallen from its highs in May.

Gianni Kovacevic, CEO of CopperBank discussed with David Lin, anchor of Kitco News, China’s goals and what the downside target of copper may be, as well as the long-term upside potential.

Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)
Follow Gianni Kovacevic on Twitter: @GianniKov (https://twitter.com/GianniKov)

0:00 - China selling strategic reserves
12:06 - Copper's macro drivers
16:50 - CopperBank change in leadership
18:30 - Copper price forecast

#copper #metals #investing
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