Copper

1. Nickname: Dr. Copper

Copper is often referred to as "Dr. Copper" because it is said to have a Ph.D. in economics. Its price action is widely considered a leading indicator of global economic health due to its widespread application across all sectors.

2. Key Uses

• Conductivity: Essential for power grids, wiring, and electronics.
• Construction: Plumbing, roofing, and heating systems.
• Green Transition: Electric Vehicles (EVs) use 3-4 times more copper than conventional cars.

3. Market Drivers

1. China Demand: As the world's largest consumer, China's industrial activity directly dictates copper prices.
2. Supply Disruptions: Mining strikes in Chile and Peru (top producers) often lead to supply shocks.
3. Electrification: The global push for net-zero emissions is creating a structural super-cycle for copper demand.