If you've bought anything from a new appliance to a house recently, you might be feeling the pinch of rising material costs. Copper, often called "Dr. Copper" for its economic predictive power, is hitting record highs, and understanding why reveals a lot about the global economy's future.
Copper prices are surging, recently hitting over $11,000 per metric ton on the London Metal Exchange.
This marks a new all-time high, surpassing previous peaks.