Can We Blame Last Year’s Euphoria for Copper’s Recent Woes?
Copper prices have lost 7.7% this year as of February 9. While the weakness in copper prices could be attributed to the selling in equity markets, copper was having a somber 2018 even before we saw the recent correction in equity markets. Comex copper has closed below its December 31, 2017, closing prices in each trading day this year.