Copper Monday 2018
About Copper Monday 2018
In June 2018, copper prices plunged 20 percent in weeks. The crash was triggered by trade war fears between the US and China. Copper, often called Dr Copper for its ability to diagnose economic health, is sensitive to global growth expectations. The crash spread to other industrial metals. Mining companies lost billions in market value. The copper crash preceded a broader emerging market sell off. The event demonstrated how trade policy could move commodity markets dramatically. Copper later recovered but the 2018 crash showed the interconnectedness of trade policy, commodity markets, and emerging market equities.
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