BlackRock's Markham Says Copper Price Has Fallen Too Far

The video discusses the impact of trade wars on commodity prices, focusing on copper. It highlights the bearish market sentiment and the role of supply and demand dynamics. The discussion includes China's economic response, particularly in infrastructure spending, and the discipline in the mining sector regarding capital expenditure. The video concludes with potential market reactions to trade surprises, emphasizing copper as a key indicator.

What has been the primary focus of the market regarding commodity prices in recent times?

• Government regulations

• Environmental concerns

• Technological advancements

• Supply and demand dynamics

How have financially traded commodities compared to non-financially traded ones during the trade war period?

• They have shown no change

• They have increased in value

• They have been less stable

• They have been more stable

What has been a significant factor in China's economic strategy in response to trade wars?

• Decreasing interest rates

• Focusing on exports

• Increasing infrastructure spending

• Reducing infrastructure spending

What has been a defining feature of the current cycle in the mining sector?

• Increased capital expenditure

• Focus on shareholder value

• Expansion into new markets

• Reduction in workforce

Which commodity is expected to react the most to a US-China trade surprise?

• Silver

• Copper

• Oil

• Gold