No correlation is perfect, but the logic is sound. There are too many other factors affecting the price of copper....supply disruptions, tariffs, etc.
lately copper correlates with stock markets rather well. yesterday was a good example. and there have been not much change in copper inventory. and there were no miners strike.
According to Cramer, precious metals should rally into the fall. I wonder if copper will move along with gold and silver ?
ha. I avoid reading those financial experts news. They are definitely expert in talking/writing and have excellent communication skills but are rather poor in prediction. And there are some who talk garbages. Those talkers have to talk to earn a living. The more they talk, the more money they earn. We traders have to trade to earn a living. The more garbage info we receive, the more money we lose. Talkers and traders don't mix well. best is do our own analysis.
today copper correlates rather well with China Index and Hangseng. China index hangseng down, copper also down.