Many market participants believe that copper is the commodity that diagnoses the health and wellbeing of the global economy. Copper is an industrial metal and a building block of infrastructure around the globe.
These days, since China is the world's most populous nation with the second-leading economy, copper is a barometer for economic conditions in the Asian country.
During the height of double-digit percentage economic growth in China, the price of copper traded above the $4 per pound level. In 2006, 2008, 2010, and 2011 the price of the red metal responded to growing Chinese