The Copper Price Has Been Falling Since April, Here’s What It’s Signaling

Описание: The Trump trade wars has pushed down base metals, and the deflated price could be a good barometer for global growth, said Hans-Arne L’orange, director of Clarksons Platou Securities.

“Dr. copper is known world-wide to give a good indication of the world’s GDP growth, and I think the drop from April is a clear indication that the trade war, the tariffs [are escalating], and people are afraid of NAFTA renewal with Canada, so I think this is fair,” L’orange told Kitco News on the sidelines of the 121 Mining Investment conference in New York.

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