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Copper Touches Two-Year High as Demand Exceeds Supply
Copper futures are touching their best levels in two years as demand continues to exceed supply. In the aftermath of the coronavirus pandemic, many major markets have renewed their appetite for the industrial metal as part of their economic recovery efforts. The industrial metal is now trading at its best level in more than two years. September copper futures rose $0.031, or 1.02%, to $3.0705 per pound at 16:08 GMT on Monday on the New York Mercantile Exchange. Copper prices have risen to their highest levels since Jun 2018. The red metal is coming off a weekly dip of about 0.1%, but they are up nearly 10% ... (full story)