Posted Jul 1, 2022, 5:48 PMUpdated on Jul 1, 2022 at 6:44 PM
Copper has perhaps never lived up to its nickname “Dr Copper” so well. The metal owes this quip because of its status as a barometer of the global economy. An essential ingredient in construction, tech and industry, the price of copper reflects the level of global activity. When it is dynamic, demand is strong and prices rise. Conversely, a fall in prices is more suggestive of a slowdown.
The story copper tells today is of an impending recession . Its prices have fallen 25% since their last peak in early March. The ton of the star of non-ferrous metals trades for less than 8,000 dollars on the London Metal Exchange, once morest more than 10,000 dollars a few weeks ago.
