Dr Copper's prognosis for the global economy is positive

Dr Copper's prognosis for the global economy is positive

From smh.com.au

Dr Copper’s prognosis is for a full recovery in the health of the global economy, and prices for commodities overall are signalling something better than just a return to pre-pandemic conditions. Copper gets that honorific because demand for the metal is acutely sensitive to economic conditions. It is now trading about 26 per cent above its price a year ago, before public awareness of the coronavirus hit markets, and 72 per cent above last year’s March nadir. At the same time, Bloomberg’s broader commodities index shows commodity prices generally have fully recovered and are higher than a year ago, wiping out ... (full story)

For those who would like to follow copper the futures symbol is HG (followed by the expiry month identifier.)

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