I'm not sure about point 2. What lead you to that conclusion? They call it "Doctor Copper" for a reason.
"The term Doctor Copper is market lingo for this base metal that is reputed to have a "Ph.D. in economics" because of its ability to predict turning points in the global economy. Because of copper's widespread applications in most sectors of the economy—from homes and factories to electronics and power generation and transmission—demand for copper is often viewed as a reliable leading indicator of economic health. This demand is reflected in the market price of copper. https://www.investopedia.com/terms/d/doctor-copper.asp
The Doctor look to be on the job this time around too.
Copper Price news, page-746
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