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CPER - Copper Hangs In There - FCX And SCCO Are Barometers Of A Trade Deal
United States Copper Index Fund ETV
Many market participants look to the copper market as a barometer of global economic growth or contraction. Copper's nickname "Doctor Copper" comes from the metal's perceived ability to diagnose the state of global economic conditions. Copper reached a bottom in early 2016 along with many other raw material markets, but the price took off to the upside rising to a high at over $3.30 per pound in December 2017 and June 2018. However, the trade dispute between the US and China weighed on the price of the red metal and sent it down to below