‘Dr. Copper’ misdiagnoses the global economy – Nikkei Asian Review

TOKYO — International copper prices are rapidly recovering, with three-month futures on the benchmark London Metal Exchange hitting a two-year high of $6,633 per metric ton on July 13.
Copper prices often reflect the health of the global economy, hence the moniker “Dr. Copper.”
Taken at face value, recent price movements on the LME mean the global economy has recovered to where it was before the coronavirus struck. But this time, maybe Dr. Copper is wrong.
Before the pandemic, copper prices …

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