How copper and the economy are entwined

Copper has an intriguing ability to predict the economy’s health, says IG Wealth Management’s Ashish Utarid, Assistant Vice-President, Investment Strategy. Thanks to its widespread use in many manufacturing activities, an increase in demand for copper often signals a growing economy. Conversely, a slowing economy usually leads to lower copper prices. Ashish explains the reasons behind copper’s recent 20% growth, and what that means for the economy in general.