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Copper hits three-week high, on track for seventh consecutive monthly gain
Copper prices rose on Friday and were on track for a seventh consecutive month of gains as demand optimism outweighed concerns over stocks piling up in warehouses registered with major exchanges. Benchmark three-month copper on the London Metal Exchange rose 1.3% to $13,472 a metric ton by 1056 GMT after touching $13,496 for its highest since February 4. Base metals have been supported by investment demand for hard assets since October, one metals trader said. The metal used in power and construction is up 9% so far this year and touched a record high of $14,527.50 in late January after a wave of speculative buying. ... (full story)
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- Feb 27, 2026 8:40am Posted byFundamental Analysis173
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