Copper is showing investors that not everything goes up.

Copper is showing investors that not everything goes up.

It doubled in price between spring 2020 and May 2021, going far above pre-pandemic levels as China’s economy boomed and the net-zero agenda set demand forecasts soaring. However, it stumbled as Chinese authorities took action to cool prices, then fears of a new wave of Covid hit demand.

At their low ebb this month prices were down 15pc from their peak becoming a sign of how fast a booming market can change.

Commodity prices are a key indicator in the economy so this type of behavior is one to watch.

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