Skip to content

Copper Spirals to 19-Month Low as Recession Fears Dominate

  • Copper has fallen far below $8,000 a ton as metals extend rout
  • Bloomberg economists flag surging 38% chance of US recession
Newly formed copper cathode sheets at a copper smelting plant in Glogow, Poland.

Newly formed copper cathode sheets at a copper smelting plant in Glogow, Poland.

Photographer: Bartek Sadowski/Bloomberg
Updated on

Copper fell to its lowest price in 19 months, with metals extending losses as global recession fears continue to damp the demand outlook for commodities. 

Sentiment remains sour for industrial materials used in everything from construction to new energy vehicles. Copper, widely considered an economic bellwether, is trading well below $8,000 a ton after metals posted their worst quarterly slump since the 2008 financial crisis.