Metal mania has turned into a metal meltdown. The red-hot rally that took prices to extremes has now become a full-fledged fire sale. Fear of missing out (FOMO) quickly turned to fear of getting out (FOGO). While copper and iron prices both were too high not too long ago, the punishing pullback has now taken prices to similar extremes of pessimism. Time for the shine to return to these two metals over the coming months.
Let’s look at the two price charts to put things in perspective.
