Copper as an Economic Indicator

From cmegroup.com

Because of its use across many sectors, copper is seen as a leading indicator of economic health. After all, it is used practically everywhere – in homes and in factories, in electronics and in power generation. And in recent years, copper’s role in growing electric vehicle production has further boosted demand for the metal. Because of this, when demand for copper increases, it typically indicates a growing economy, while a decrease in copper demand can portend an upcoming economic slowdown. Copper had a bullish run the last few years during the pandemic for a few reasons: Record fiscal stimulus helped provide ... (full story)