Copper Starts the Week Flat as Inventories Rise
Copper’s price started the week flat as two key factors weighed on the market; rising inventories and weak prospects of global economic growth. Given that copper is often regarded as the metal which clearly reflects the global economic outlook, “Dr. Copper” is trading sideways as a mirror of the weak prospects for growth in the global economy. However, restocking in China is helping to prevent the metal from sliding a lot more as Chinese demand for the metal keeps traders busy. Additional help for copper is also coming from a weaker dollar. When the dollar is weak, copper buyers who…