How Copper Might Fare in a Recession

Well, copper's traditionally been viewed as a barometer of uh global economic health.

Um that's given it the nickname Dr.

Coffer copper throughout the last several decades.

Um when when you start looking at where we've come over the last couple years, there's been significant concerns about China's uh slowing real estate market that's weighed on copper over the last several years.

Um so I think any uh slowdown that could potentially happen in the United States would also weigh on copper markets.

Uh there's a notable difference now versus previous economic cycles and that is there's a lot more support for structural demand uh for copper as it relates to AI and electrification and the energy transition.

This support wasn't there 5 or 10 years ago or in last uh economic cycles where copper was really impacted.

Uh so we do think that will provide somewhat of a floor on copper prices and should be supportive of of higher copper prices going forward.

And you know the hope would be that it would help weather uh any you know potential slowdown the US or other global economies as well.