Copper Could Head For $3 Per Pound

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About: Freeport-McMoRan Inc. (FCX), Includes: COPX, CPER, FXI, JJC, JJCTF
by: Andrew Hecht
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Andrew Hecht
Commodities, long/short equity, medium-term horizon, long-term horizon
Summary

The "phase one" trade deal lit the fuse.

A signing ceremony in mid-January.

The Chinese economy should stabilize.

Watch Hong Kong when trading copper.

FCX climbs.

Copper is a bellwether commodity. The price of the nonferrous metal reflected the health and wellbeing of the global economy. Moreover, the price of copper tends to move higher or lower with the Chinese economy.