As the cognoscenti flock to Bordeaux next month for the first tasting of wine from the most recent harvest, they could do worse than consult Dr Copper on the outlook for the fine wine market.
Vintages of vin rouge, rather than red metal, will be front of mind for oenophiles in south-west France but the markets share a key characteristic: they are affected by the liquidity in the Chinese economy.
China is the biggest consumer of copper, earning the metal the nickname Dr Copper for its use in divining the state of the country’s economy. A world away from the copper industry, China is also among the top five wine importers, the world’s largest consumer of red wine and the top buyer of Bordeaux reds.
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