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JHMI - Copper Continues To Melt Along With The Other Nonferrous Metals
John Hancock Multifactor Industrials
With each level on the up or the downside, Doctor Copper provides market participants with a potential diagnosis for the overall health and wellbeing of the global economy. However, since China is the world's leading consumer of the red metal as well as many of the other base metals that trade on the London Metals Exchange, copper and the other industrial metals are a thermometer for the most populous nation on earth.
The price of copper hit a low alongside most other commodities in late 2015 and early 2016 when the price dropped to $1.9355