Swapping aluminum for copper will maintain China’s resources, group says
China depends on overseas imports for 60% of its aluminum resources as opposed to 70% of its copper resources.
Unless you were hiding out in rough rice or lean hogs, commodities were not your friend in the third quarter of 2015.
GoldCore compiled three-month relative performance of commodities with data from Finviz.com.
Worries out of Asia hurt commodities. China is rebalancing, emphasising consumption over investment. It’s stock market gyrations also dragged down metals. The Shanghai Composite Index falling from the peak of 5,166 in mid-June to 3,038 at the end of September.
Image of headstone by Joe Shlabotnik
