The world needs more copper, but there’s a catch
Copper has a nickname in the commodities market. It’s known as “Doctor Copper” because it’s so deeply integrated into the physical fabric of our lives and all the technology we depend on that its price reflects the health of the economy. “Gold is money, everything else is credit,” said J.P. Morgan more than a century ago. But copper is more than money. It’s modern human life. It is used in every corner of our technology, from houses to windfarms to warehouses. Which is why I think, while everyone’s still obsessing about gold, it’s worth taking a look at copper. Since the global financial crisis in 2008, stock markets may have reached new highs but the physical world of construction, infrastructure and manufacturing has never quite regained its old growth rate.
