Major countries has been somewhat arbitrarily defined as:
- G20 member
- OECD member above 5 million population
- UN member abover 50 million
Graphically depicted this look as follows (red female surplus, blue make surplus):
Copper prices are believed to be a leading indicator of economic health. We endeavour to verify this hypothesis through quantitative analysis thereby also focussing on the economies of Chile (principal producer) and China (principal consumer). We do believe in mean reversion although we acknowledge that imbalances can persist for very long times and that market structures can change permanently.