The Wall Street Journal
Copper’s Slide Signals Mounting Recession Concern
Copper prices have fallen to their lowest level in nearly two years, with investor concerns about an economic slowdown intensifying. Behind the fall is concern about slowing demand as the Federal Reserve raises interest rates and as China, a leading user of the metal, has a sluggish recovery from Covid-19 lockdowns. Copper, which is particularly sensitive to expectations for the world-wide industrial outlook, is sometimes called Dr. Copper because of its use as a gauge of economic health.