05
Apr
16:01
Copper price hits new high on tight supply forecasts
Copper price this week soared to its highest in 14 months, amid expectations of tighter supply-demand fundamentals, Kallanish understands.
Prices reached nearly $9,400/tonne on 4 April, up around 12% from the prices early this year. The metal was sitting at $9,359 on the London Metal Exchange at the time of writing.
Copper’s price rally began in early February due to global supply risks and China’s economic outlook. Disruptions at major mines, particu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous