The price of copper usually tells us a lot about the future of global economic growth. But recent developments could make it less accurate as an economic indicator.
Copper’s usefulness makes it a key barometer for optimism about future economic growth. Well, the price, and that optimism, are falling.
The Biden-era Broadband Equity, Access, and Deployment program championed a “fiber first” strategy.
Dealers aren’t sure they’ll be able to get it into the country ahead of the threatened Aug. 1 deadline.
President Trump has called for a 50% tariff on imported copper.
And the price of the metal is only likely to increase.
Until the price rises so much it causes inflation, anyway.
The problem? Too little demand, too much supply. Rising interest rates are also contributing to weaker demand around the world.
The metal is crucial renewable energy technology and the transition away from fossil fuels.
