Copper crashed on Friday and in early trading on Monday but it has stabilized above $300/pound.
In the past few hours, however, there has been some modest momentum to the downside.
The 2011 low was $299 and last year’s spike low was $298.55.
copper daily chart since 2011
Copper was once a magnificent barometer of global growth but stockpiling and fake Chinese invoicing has badly damaged its reputation.
