"This is firmly a buy-the-dip market. I think what we need to see at this junction is maybe a little bit stronger Chinese demand, maybe a little bit stronger demand from the Western consumers as well. And if that comes through, I think if we had a dip now, that would take us then very swiftly back up," Widmer affirms.
So I think that's something that is potentially uh kind of putting a little bit of a on the, on the immediate rally. And then a lot of the traditional economy like the housing market actually uh subtracting from the copper demand. I think one of the reasons why demand also remains subdued in the traditional economy is that uh there is a lack of confidence in the economy and that has been the case in the end of COVID Michael when it comes to the out performance that we've seen in copper relative to gold when it comes to that ratio, the loftiness that we're seeing there.
Car production sensation is very strong and a lot of that has been linked particularly on the construction side to the Biden uh to the Biden uh policies. So the way all of that plays out is worth following, I think what we hear at the moment uh in the US is there's a broad bipartisan support um to push back against some of the Chinese uh Chinese dominant and that makes it even more important to follow quite closely what's happening.
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