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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Copper bottomed

Posted on 14 March 2014

Copper has fallen sharply in the last week, reaching its lowest level in nearly four years. The metal is traditionally seen as a barometer of global activity although this very long-term chart (which we ran near the market peak in 2011) doesn’t suggest a great deal of reliability. (To update the price from the graph, it is now around $6,400).
The price was falling for much of the 1990s when the economy was doing very well indeed. Nowadays the copper price may say more about events in China than elsewhere; although that still is useful………………………………………..Full Article: Source


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VRS - who has written 39872 posts on Opalesque Commodities Briefing.


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