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Is Fear of a Global Trade War Making Doctor Copper Sick?

Mark O'Hara
Is Fear of a Global Trade War Making Doctor Copper Sick?

In the long term, commodities generally follow the underlying demand-supply dynamics, but according to some observers, copper prices also tend to reflect macro developments. Copper has been dubbed “doctor copper” because many observers see copper prices as a reflection of the global economy. Copper (BHP) (VALE) is also sensitive to geopolitical factors, and some traders use copper as a proxy to bet against the global economy.