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Is Copper’s Price Plateau Signaling a Future Decline in Overall Construction Material Prices?

Michael Guckes
Is Copper’s Price Plateau Signaling a Future Decline in Overall Construction Material Prices?

Copper’s June spot price marked a 15-month low for the commodity and its lowest price since rebounding from its early COVID-19-induced nadir. Although the price of the commodity is still historically high, the directional movement of the price of copper has historically served at times as a useful harbinger of future manufacturing and construction materials prices. Twice since 2008 has the price of copper fell just before an overall decline in general construction material prices.

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