Copper
“Dr. Copper” — said to have a PhD in economics because its price reads global growth.
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The 30-second take
Copper is in everything — construction wire, EVs, data centres, grid build-out. So its price is a leading indicator of industrial activity, especially in China (the world's largest consumer). Rising copper usually signals a cyclical rotation or a supply story. In interviews, mention copper when discussing: (1) industrial M&A, (2) the energy-transition theme, (3) China macro. The Chile/Peru supply concentration is another classic talking point.
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