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Copper rallies to record on LME as base metals extend bull run
Copper jumped to a record high, extending a powerful rally as investors pile into metals on expectations for tight supplies and a weaker US dollar. Benchmark three-month futures rose to as much as US$13,965 (RM54,938.31) a ton on the London Metal Exchange, taking gains this year to about 12%. All the five other main base metals rose, with aluminium notching a three-year high. Commodities have stormed into the new year, aided by a sinking US dollar, rising demand for real, physical assets, and elevated geopolitical tensions as the Trump administration follows a more assertive foreign policy. In addition to copper — ... (full story)