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Copper is a nonferrous metal that has a critical role in infrastructure building around the world. Since China is the most populous nation on the earth with the fastest growing economy over the recent decades, the Asian country had been a ravenous consumer of copper. Before 2005, the price of copper never traded about the $1.6065 per pound level. Since 2009, it only dipped below $2 once, at the start of 2016 when it found a bottom at $1.9355 per pound. In 2011, the price of the base metal traded to an all-time peak at