Reported about 9 hours ago
Copper prices are approaching a record high as optimism for a US-China trade agreement bolsters demand amid ongoing supply challenges from major mining disruptions in regions like South America and Indonesia. Prices on the London Metal Exchange have increased by 1.2% to $11,094 per ton, reflecting a 25% rise this year. Notable incidents contributing to supply constraints include flooding and rock blasts at various mines. The easing of trade tensions is expected to further enhance demand for copper, essential for electrification and electric vehicles.
Source: YAHOO