Coronavirus Has Copper Hitting Record 12-Day Losing Streak
- Investors see short-term disruption as businesses stay closed
- The industrial metal has slumped 11% in London since Jan. 20
This article is for subscribers only.
No major commodity has felt the pain of the worsening coronavirus epidemic more deeply than copper.
The metal has tumbled for 12 straight sessions in London, the longest retreat in more than three decades of data. Since Jan. 20 when the outbreak in China entered a new phase of severity, copper has tumbled 11%, making it the hardest-hit by the spreading pandemic among all the major commodities.