The copper market is also widely watched by analysts as a leading indicator of the health of the global economy because the metal has such a wide range of uses, from construction to manufacturing, earning it the nickname “Doctor Copper”.The new service aims to inform subscribers before smelter firm’s make their announcements, which can be delayed by many days even when listed firms are obliged to report. Private firms have no obligation to report smelter activity to the market.
Linwood said the SAVANT https://www.earthi.space/savant system, developed with the European Space Agency and commodities broker Marex Spectron, was able to detect an extended smelter closure in the world’s biggest copper producing country Chile this year. “You get all sorts of spurious information that you have to filter out, like sunlight being reflected off water. We’ve had to develop all our algorithms to deal with those things,” Linwood said.