Copper prices reach record high of $11,004.50/tonne on London Metal Exchange amid supply shortage anticipation.

Copper hit a record high of $11,004.50 a tonne on the London Metal Exchange, as investors anticipate supply shortages and bet on a short squeeze in the New York market. The global copper market is experiencing a significant squeeze, with prices on the Comex exchange reaching an all-time high last week. This has triggered a rush to reroute metal supplies to the US and tighten supplies in other regions.

May 20, 2024
6 Articles