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Copper prices directly correlate to the state of the world's economy. Copper has long been a hotly traded commodity. Copper is the world's third most widely used metal, after iron and aluminum, and is used primarily in construction and industrial machinery manufacturing.

Copper is known for its softness, orange color, and abundant presence in nature. It is easily worked into weapons, tools, wires, and more. This malleability and strength have led to its popularity in construction and industrial applications.