Bridgewater, Coinbase, China, and Commodities (Podcast)
Bloomberg Intelligence
00:00
Copper Price Reopening
Cost is the biggest factor here and as we are facing high inflation rate even in Germany they announced just that we are at 8.7%. So all over Europe this is something we have to face. Energy costs are highest factor and if you look at last year our fiscal year under September the energy cost almost doubled. In China the reopening we put a pin in that so let's go back. Is it expected to drive demand in a big way? Actually I would say of course it will. A rubus is not engaged in any kind of direct business to China but we are dependent because 50% of the global and mountain copper is coming from China.
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