Copper is often known by traders as “Dr Copper” as it “predicts”...

Copper is often known by traders as “Dr Copper” as it “predicts” the health of the economy.
I think, as many are predicting a recession or certainly a slowdown in the economy worldwide, this is keeping the Cu price subdued.
However, the use of vast amounts of Cu in the manufacture of EVs is something utterly new.

I think it possible that there could be an economic slowdown in, say construction, yet Cu could remain in short supply by being soaked up by EV manufacturers.

FWIW