The Conversation (0)
Economist reported that copper price movements are believed to prefigure shifts in the world economy.
Economist reported that copper price movements are believed to prefigure shifts in the world economy.
The market news is quoted as saying:
Copper’s excellent conduction of electricity and heat means that it is used not only to cable and pipe the globe. An average car contains over 25kg of copper; electronic gadgets, from PCs to mobile phones, use copper for wiring and contacts. Its ubiquity means that rising demand should provide an early indication of an uptick in manufacturing and construction. Copper sagged in the early stages of the credit crisis, for example, and then started to pick up at the end of 2008, some months before the stockmarket began to rebound. Such prescience is now cause for concern. As fears of a double-dip recession mount copper has slumped to a ten-month low.
