Investors Dump Copper As Demand Stumbles ...Middle East

OILPRICE - Economy
Investors Dump Copper As Demand Stumbles
source : OILPRICE ( Middle East ) () 11
Copper prices have long been considered a major indicator of global economic health. So when they plunged to 16-month lows on June 23, investors quickly hit the “panic button.” According to this CNN Business article, the commodity’s 11% drop over two weeks shows that global growth is slowing. However, not everyone agrees. Chile’s Codelco Thinks Copper Prices Will Shore Up Soon Reuters recently reported that Codelco, Chile’s state-owned copper mine, isn’t convinced of imminent doom. As the largest global producer…

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