Copper surges to all-time high as tariff turmoil rocks market
29 Articles
29 Articles
(Seoul = Yonhap News) Reporter Jung Joo-ho = International copper prices hit an all-time high amid prospects of increased U.S. tariffs and disruptions in copper mine operations.
The futures of reference to three months in the LME have risen up to 0.8% to contribute to 14,533 dollars a ton, surpassing the previous record established in January
New calculation for the price of copper. On Monday, the red metal reached a new historical peak, surpassing the barrier of US$14,500 a ton. According to Cochilco, the quote reached US$14,540, equivalent to about US$6,595 a pound, with a daily variation of 1.18%. Successive copper rises have meant good news ... Continue reading "Can copper go up more? What should happen so that ‘Chile’s salary’ continues breaking records"
Cash copper advanced 1.18% to $6,595 at the London Metal Exchange.
Copper touches record high, focus on tight supplies outside US
Copper prices hit a record high as concerns over shortages outside the US boosted buying, while a weaker dollar supported metals. LME copper touched $14,533 a metric ton, surpassing its January peak. Falling Shanghai stocks and strong US inventories highlighted the growing divergence in global copper supplies.
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