Just the other day Mr. Matt Badiali wrote an article expressing his optimism on how commodities will be trading especially copper come next year. Considering the high influence that China commands when it comes to the commodities market, then the recent data showing the increasing demand should be something to smile about especially for the commodity investors. China uses more than half of the world’s total production of coal for generation of power. China also uses almost 50% of the world’s production of most commodities including but not limited to lead, iron ore, zinc, copper, and aluminum. Hence the news of China’s demand going up will definitely push up the commodity prices especially for copper. According to the latest figures from a section of the business, media shows that in November Copper imports hit a record high. The data also shows that more commodities such as coal, iron ore, soybean, copper, and natural gas imports are all on the upward trend. Visit Matt Badiali on facebook.
This news has been shaking up the commodity market of copper and other base metals. For instance, the price of copper has already shot up by 20% since it hit a low in 2016. However, in October 2017 the price dipped again by 10% resulting in copper company stocks such as Southern Copper Corp. and Freeport-McMoRan Inc. dipping by 5% and 12% respectively. According to Matt Badiali, these pullbacks can be seen as opportunities for investment. This is because of the demand expected from China in 2018 and therefore mining companies for commodities such as copper and zinc are expected to rake in serious money next year than they did in the last few years hence the need to jump in and make some money.
About Matt Badiali
Matt Badiali is a trained, qualified and experienced geologist who uses his expertise to help everyday people make sound and wise investment decisions especially in the lucrative natural resource investing. He is also a senior editor at Banyan Hill Publishing. For the past 10 or so years, Matt has been using his skills and knowledge he acquired as a geologist and the training he has had over the years as an investor to unearth great returns.
Before joining banyan hill publishing, Matt used to work for a drilling company as a geologist and also as a consultant for an environmental company. Matt currently works as the editor of Real Wealth Strategist at Banyan Hill Publishing. For more information, visit:https://forexvestor.com/real-wealth-strategist-review