As I often do, I learned something from Metal Miner this month. Copper and raw steel prices are providing a lesson in the difference between “contango” and “backwardation.” I had to look it up. Global copper prices are currently experiencing one of the most pronounced cases of contango in decades, according to Metal Miner. Contango occurs when spot…
Metals Prices Remained Mostly Muted This Month; Even Raw Steel Prices Look To Soften
