Di­ag­no­sis in from Dr Cop­per

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THE USE OF cop­per in ev­ery­thing from elec­tron­ics to roof­ing and in­dus­trial ma­chin­ery means it is some­times de­scribed as ‘Dr Cop­per’ for its abil­ity to di­ag­nose the health of the global econ­omy.

On this ba­sis the world looks a pretty sickly pa­tient – with the price of cop­per in freefall in re­cent weeks – though con­sul­tant Cap­i­tal Eco­nomics chief global economist An­drew Ken­ning­ham says: ‘even though the price of cop­per slumped dur­ing the global fi­nan­cial cri­sis, it was not a lead­ing in­di­ca­tor of that down­turn’.

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