Copper Culture Copyright Evans/Getty Images

Copper Culture

Concern about the global economy’s near-term prospects, China in particular because it’s the largest consumer of copper and its growth since 2008 has been the key driver in recovery, suggest copper’s sluggish price supports its reputation as Dr. Copper, the PhD in Economics.

Electrical distributors keep a close eye on the price of copper. That hasn’t been a happy preoccupation over the past few months. The price of copper has fallen 40% to a new six-year low and at press time is trading around $2.35 per pound.

Here’s a quick review of how we got where we are now. The short form is this: even with copper

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