Copper
a.k.a. Dr. Copper
An industrial metal used in wiring, building and electronics, often seen as a barometer of global…
In plain English
An industrial metal used in wiring, building and electronics, often seen as a barometer of global economic health.
Copper goes into houses, power grids, cars and electronics, so demand rises and falls with economic activity. That earned it the nickname 'Dr. Copper', the metal with a PhD in economics.
China is the biggest buyer, so copper prices are watched as a read on Chinese growth. Currencies of copper exporters, like the Chilean peso, often move with it.
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