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JJCTF - Copper Attempts To Rally - Southern Copper Shares Follow The Red Metal
iPath Bloomberg Copper Subindex Total Return Sub-Index ETN
Many market participants look to the copper market as a barometer of the overall health and wellbeing of the global economy. The red metal is an essential building block for infrastructure. The nickname, Doctor Copper, comes from those who believe that the base metal has a Ph.D. in international economics. Before 2005, the price of copper had not traded above $1.6065 on the nearby COMEX copper futures contract. However, double-digit economic growth in China took the price of the base metal to a high at $4.6495 per pound in 2011, and the price has not