In the near term, copper is set for more falls. Global recessionary fears brought on by central banks aggressively hiking interest rates have led to expectations of a sharp slowdown coming. The UK, Europe, and the US are all expected to head into a recession. China’s growth is also slowing down and, as one of the world’s largest consumers of copper, that could keep copper prices pressured in the near term. However, copper could be well placed for medium-term gains. Copper is set to be in demand over the medium term in a greener world. Copper is needed to conduct electricity and as a commodity, it is ideal as it is ... (full story)