@robert_ivanhoe@CommodMkt@GoldmanSachs The rotation is going to happen at scale. Itβs just a question of when the broader market wakes up. Once demand > supply the Cu price will no longer be determined by supply demand curves, but a bidding auction amongst buyers for limited supply.
@Eggplant_Elon The problem is always when ideology clashes with pragmatism and reality. When ideology drives policy, terrible hardships are imposed on citizens. βThere are no solutions, only trade offsβ. Thomas Sowell.
@Peston Everyone seems to be missing a fundamental point about Starmer. He has zero understanding of how the economy works, how to create incentives for companies, entrepreneurs and workers. Like a deer in the headlights every single policy has damaged economy. Totally out of his depth.
@Devon_Eriksen_ The simpler point is that there are no wise, benevolent, purely altruistic central decision makers. All humans are ultimately self interested, itβs just a question of degree. The resource allocators act in self interest.