"Dr. Copper" has a new diagnosis, and it's not great
From marketplace.org
The war in the Middle East has caused a number of commodity prices to spike. Oil costs, fertilizer costs, and even helium costs are rising. One commodity is bucking that trend. The price of copper has been sliding since the start of the war, hitting a low for the year over the weekend. Atomic number 29 has a nickname in financial circles. “Copper is traditionally known as Dr. Copper,” said Natalie Scott-Gray, senior metals analyst at StoneX. That’s because the metal is used in so many economic activities, from transport to construction to electricity. “It's a good barometer, basically, for macroeconomic health,” ...
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