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Latest / The Commodities Economy with Fexingo: Oil, Gold, Wheat, and Raw Material Markets

Why Copper Prices Are Defying the Economic Slowdown

Episode 85 of The Commodities Economy. Copper has been one of the best-performing commodities in 2026, holding above $6 per pound even as oil and stocks slide. Lucas and Luna unpack why this red metal is diverging from the broader economic mood. They look at the specific forces behind the rally: constrained mine supply from Chile and Peru, rising demand from grid electrification and data-center construction, and the surprising role of Chinese strategic stockpiling. They also discuss whether copper is flashing a genuine signal about future growth or just riding a speculative wave. With WTI…

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