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Copper Could Be the Next Big Commodity Bull Run
Copper prices continue to fall on concerns of recession and demand pullback in the second half of the year. Despite short-term challenges, copper prices have the potential to nearly double within the next two years, presenting a window of opportunity for investors to capture the next major commodity bull run. The price of copper per ton averaged $8,243 in May, down 6.4% month-over-month and 12.3% year-over-year. China’s sluggish recovery led to lower-than-expected manufacturing demand in recent months, creating further headwinds for copper. China makes up approximately half of global copper demand. Citigroup’s ... (full story)