Everything Was Looking So Good For Copper. What Went Wrong?

Paul Allison

3 months ago4:50 mins

Everything Was Looking So Good For Copper. What Went Wrong?

Copper lately has lost its footing, collapsing 35%. And with a fall of that magnitude, it’s worth looking at why so much could change so quickly, and where you might find opportunities…

Why has copper’s price tumbled so much?

A year ago, as factories roared back to life after a long pandemic lull, copper’s price was closing in on all-time highs. It surged even higher this year, as Russia’s invasion of Ukraine added fuel to an already brightly burning inflation fire. And then came the plunge.

Sure, demand for copper has fallen alongside the slide in global economic growth and future forecasts. And it’s understandable: copper is a barometer for the health of the global economy – it’s how it got its unusual “doctor copper” nickname – and lately, recession fears have been growing. But a p

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