Copper Defies Gravity: Starts 2026 Higher After Monumental Gains Not Seen Since Post-Crisis 2009
From fxleaders.com
Copper continued a strong rally after breaking through $13,000 per ton for the first time as investors wagered on a tighter market. after capping the biggest annual gain since 2009 on prospects for a tighter market. Three-month futures reached a record $13,387 per ton on Tuesday, up 3.1 percent from Monday’s peak. Holdings have moved to the US due to worries that the Trump administration might impose a tariff on refined metal, which could leave the rest of the world short. In the past, inventories served as a buffer, but they are currently locked in the United States. Base metals have had a very successful start to ...
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