Copper is back as investors cash in on the ‘reflation trade’

News Snapshot:

“But it feels like we’re going on a fresh run, and we’re now at the start of a multi-year rally for metals, and equities have been a big underperformer to commodity prices, so there’s a lot of room to catch up.” The rally in copper has headlined the return of the reflation trade to global markets, fuelled by a rebound in economic activity which also threatens to reignite a fresh wave of inflation. And while prices across metal and energy markets are surging, it has been a different story for Australia’s key export iron ore which is hovering around $US100...