Copper..

 

Investors look to copper prices as a bellwether for the global economy. 

Copper prices hit 16-month lows as traders dumped the metal. 

"Copper prices are just starting to account for the fact that global growth is slowing," Daniel Ghali, director of commodity strategy at TD Securities, said.

The metal is used in many construction materials, including electrical wires and water pipes. That means it's often viewed as a proxy for economic activity. It's affectionately referred to as "Dr. Copper" among traders because of its alleged talent for prognostication.

Earlier this year, after Russia invaded Ukraine, the price of copper shot up, along with other major metals. But then, sanction on Russia inflamed more Inflation, rising interest rate to control inflation... Just a "Visious Cycle" thought