Its trend is rational and predictable at the same time. Copper prices have been falling for years, but they are still rising, which shows that the global economy has bottomed out, the demand for infrastructure construction is strong, and investor confidence has recovered.
Copper is called "Dr. Copper" in commodities, which can reflect the changes of the global economy. It is also an indicator of the purchasing power of the dollar. The rise of copper prices is often accompanied by the depreciation cycle of the dollar.
In recent years, the supply of dollars has greatly increased, and depreciation is inevitable. Commodities have become hedging tools, and copper is a good hedging target.
So on the whole, copper may have turned, and it is easy to rise and difficult to fall. See more in the medium and long term.