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Copper’s meteoric rise
Copper has emerged as a focal point for both data transmission and the investment strategies of those wary of inflation. Since early February, the red metal has experienced a remarkable surge in price, climbing over 26 percent on the London Metal Exchange and reaching record highs in the US. Despite its status as one of the top-performing commodities this year, the rally appears more speculative than rooted in fundamental shifts in the market. Despite expectations of surging demand, Chinese trade data, representing 40 percent of global copper imports, fails to reflect a significant uptick. While China boasts numerous ... (full story)