Copper's plunge: a bad omen for world economy?
Some analysts say it's driven by investor panic rather than sudden deterioration in fundamentals
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New York
THE price of copper, the metal often regarded as a benchmark of global industrial demand, has taken an 8 per cent dive this week to its lowest levels in five-and-half years - and in doing so ignited an argument about whether an already punch-drunk world economy is about to suffer another sharp blow.
On one side of the debate are some investors who believe the plunge in the price of the metal known as "Dr Copper" reflects new and ominous signs about the health of China's economy. On the other are traders and economists who see it as simply a schism of little relevance to the fate of global growth.
Share with us your feedback on BT's products and services
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
