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Copper nears $13,000 in record post-Christmas catch-up trade
Copper set a record on Monday, as last week’s sharp rally in Shanghai spilled into a Christmas holiday-curtailed global market. The benchmark three month copper on the London Metal Exchange soared 5.86% to $12,875 per metric ton as of 0250 GMT, after setting a record of $12,960 a ton earlier in the session. The most-active copper contract on the Shanghai Futures Exchange, meanwhile, breached the 100,000 yuan mark to surge 3.43% to 101,480 yuan ($14,474.19) a ton, after briefly touching an all-time high of 102,660 yuan. The London benchmark copper contract is closing the gap with gains made in the Shanghai contract ... (full story)
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