Copper price surges to highest since March record | Metals Mine

  • Copper price surges to highest since March record

    From mining.com

    Copper for delivery in September rose more than 3% to a high of $5.1650 per pound or $11,367 per tonne in early trading on the Comex market on Thursday as US markets pull in buyers ahead of likely tariffs. In February, the White House directed the US Commerce Department to investigate the need for import tariffs on the bellwether metal, with a report due within 270 days. That triggered a surge in US-bound shipments. Pre-emptive buying in the US opened up a massive gap between US and London Metal Exchange prices. Benchmark 3-month copper rose a more modest 1.7% to $9,888 per tonne on the LME in early trading in London ... (full story)

Comment Options
  • Story Stats

  • Related Stories