Copper dropped 8% in April. Here’s what this real-time barometer says about tariff-induced recession risks rising.

Copper prices more than doubled their losses for the month of April in a single trading session Wednesday. If the industrial metal is a leading indicator of economic activity, that doesn’t bode well for copper’s outlook, financial markets or the health of the economy.

Apr 30, 2025 - 13:00
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Copper dropped 8% in April. Here’s what this real-time barometer says about tariff-induced recession risks rising.
Copper prices more than doubled their losses for the month of April in a single trading session Wednesday. If the industrial metal is a leading indicator of economic activity, that doesn’t bode well for copper’s outlook, financial markets or the health of the economy.

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