COPPER HITS RECORD AS GLOBAL SUPPLIES TIGHTEN Copper hit a fresh record of $14,802.50 a ton, as tight supplies outside the U.S. outweighed…
COPPER HITS RECORD AS GLOBAL SUPPLIES TIGHTEN
Copper hit a fresh record of $14,802.50 a ton, as tight supplies outside the U.S. outweighed concerns over Middle East tensions and slowing growth.
LME copper has surged about 25% since March, driven partly by large metal flows into the U.S. ahead of potential tariffs.
Some analysts see copper reaching $15,000 soon.
Oil above $100 remains a key risk to global demand.