PRESS ROOM
Copper leading the industrial metals basket
Monday 05th October '20
Copper prices have made a strong recovery since the end of March and outpaced the rest of the industrial metals basket since then. Copper is now well inside positive territory this year while the Bloomberg Industrial Metals Subindex is broadly flat year-to-date after recovering its losses from earlier in the year. Manufacturing Purchasing Managers Indices – an important barometer of industrial metal demand – have continued to improve for major economies although the basket has pulled back in September due to a broader retreat in cyclical assets.