From bullmarketrun.com

"Copper prices rose to their highest level in more than 2 years (since May 15) this morning on optimism that accelerating growth in Asia and Europe will stoke demand for the industrial metal…a catalyst may have been the International Monetary Fund’s revised 2017 outlook for China, the world’s largest Copper consumer, while the IMF is also projecting better than expected growth for Europe and Japan…meanwhile, Germany’s Ifo business survey yesterday showed confidence soaring to record highs in July, while U.S. consumer confidence levels have jumped to almost 16 year-highs…many investors look to Copper as a barometer for the global economy’s health as the metal is a key component in manufacturing and construction"