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Catalyzing Copper: Supply Shocks and Betting Billions
Copper surged decisively in September, breaking through the $10,000 per metric ton threshold and closing the month with a gain of 4.11%. This move marked the highest copper spot price in over a year (since May 2024), with the price ending the month at $4.64 per lb. Copper miners capitalized on copper prices rapidly nearing their all-time highs with an impressive 16.27% gain. Year-to-date, copper is up 18.18%, copper miners have gained 38.26% and junior copper miners have led the sector with a remarkable 72.46% advance. Copper’s price action in September was shaped by a confluence of supply-side shocks and ... (full story)
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