Copper prices have been strongly correlated with economic growth for a long time. The idea is not hard to understand. The metal is an integral part of everything we build, from shoddy flashlights on key chains to cutting-edge submarine energy transmission lines in offshore wind farms.
As you can imagine, or already know, copper prices tanked with the global economy. A short-lived run pushed prices up as China created a copper bank, of sorts, and stockpiled the industrial commodity...............................................Full Article: Source
|