Bloomberg.com: Copper Prices Reach Record High Amid Supply Disruptions
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Copper prices hit an all-time high on the London Metal Exchange, reaching $11,200 per ton due to anticipated easing of US-China trade tensions along with existing mine-supply disruptions and tariff-related trade imbalances. With a year-to-date increase of over 25%, copper is poised for its best annual performance since 2017.
Key takeaways
- Copper prices surged to a record high on the London Metal Exchange, as reported by Bloomberg
- Three-month futures reached $11,200 per ton, exceeding the previous peak set earlier in 2024
- This price surge is fueled by anticipated easing of US-China trade tensions, providing renewed momentum to an existing rally
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