Copper Weekly

Today an update on copper.

I follow this metal for a long time now, not only professionally because my company is using this metal for making electrical panels for various drive systems, but also because it is one of the major indicators for the global economy.

The last months we see this metal moving sideways, like silver and gold.

Various issues cause this market behaviour such as the trade and tariff wars between the US and China, but also other issues like Brexit, an upcoming Euro crisis with Italy, uncertainties in upcoming economies, turmoil is the Middle East and decreasing economic growth South East Asia.

Over the last two weeks, the price fluctuated from $ 2.72 to $ 2.75, following the sideways pattern.

This stable situation is, looking at the challenges we face, positive and we can expect that when the above mentioned global issues are cleared out a little bit, specially the tariffs situation between the US and China, prices will definitely pick up to higher levels.

Enjoy!