Highland Valley copper mine. | Steve Smith, Shutterstock
It’s called Doctor Copper for a reason. Copper prices are a key vital sign for the world’s economic health.
So what does a recent 30% plunge in copper prices – as well as other key commodity prices, like lumber – say about the state of the global economy?
Full-blown recession? Possibly. Rampant inflation, rising interest rates, an energy crisis, war in Ukraine, episodic spikes of COVID-19 in China – the economy is certainly getting its share of knocks.
But given the strong employment numbers coming out of the U.S. and Canada – which suggest both countries are near full employment — it
→ Continue reading at BIV