Doctor copper is the funny idea that copper has a Ph.D. in economics because of its ability to predict turning points in the global economy. Copper is widely used in everything from houses and electronics to power generation. Because of copper’s widespread use in so many sectors of the economy, it is often a reliable leading indicator of the health of the global economy.
This health is reflected in the demand and hence market price of copper. Rising copper prices suggest strong copper demand and hence a growing global economy, while declining copper prices indicate a slowing global economy.<< Back to Glossary Index