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Copper price surges toward $10,000 as bulls bet on China growth

From mining.com

The copper price rose on Wednesday as worries eased about economic growth in top metals consumer China. “The focus in China is moving away from worries about the property sector slowdown to increased signs that they are going to provide stimulus and support to the economy, some of which will benefit industrial metals,” said Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen. March delivery contracts were exchanging hands for $4.58 a pound ($10,076 a tonne) on the Comex market in New York, up 3.4% compared to Tuesday’s closing. “Commodities prices may stay high for decades as mining companies struggle ... (full story)

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