3 months ago • 4:50 mins
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…
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
But there’s a risk of a rude awakening. So Stéphane says you might want to approach the latest stock rally with caution.
The global investment firm has updated its outlook for 2023. So Stéphane’s taken a look at how it sees things going and what you can do to prepare for it.
Big fund managers and retail investors alike are starting to see its beauty, but as Russell notes, you can still buy this long-shunned asset at good prices.