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Copper’s Comeback: April Price Rebound Showcases Resilience
March may have been a troublesome month for copper, but April seemed to show that the prior month’s sell-off might just be a thing of the past. In fact, the price of the red metal ended April at $12,911 per metric ton, gradually approaching where record highs once sat. Understanding copper’s price movements throughout April can help contextualize where the metal could go from here. Recently, Jacob White, CFA, Director, ETF Product Management, Sprott Asset Management, released a report examining how copper has navigated out of March’s price woes. The report noted that copper’s April price journey is reflective ... (full story)