Dr. Copper: Still Relevant?

From jeroenblokland.substack.com

Since the start of the year, copper prices have surged 26%. So, that must mean Dr. Copper is signaling clear skies ahead. No recession in sight, right? chart Dr. Copper has long been viewed as a reliable economic barometer. That’s because copper is used in virtually everything, from housing and construction to electric vehicles and consumer electronics. It’s also found in rocket engines, desalination plants, whisky distilleries, and musical instruments. Given its broad application, it makes sense that copper demand would reflect the health of the economy. Historically, the data supports this. Numerous studies ... (full story)