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Copper Climbs Above $14KTon as Disruptions Near Record High

From fxleaders.com

Copper continued to rise above $14,000 per ton, as supply risks increased due to mine disruptions edging closer to a record high set earlier this year. On the London Metal Exchange, the red metal surged for an eighth session to reach $14,196.50 per ton, which was near an all-time high of $14,527.50 in January. A shortage of sulfur from the Middle East has put some African mines’ production prospects in jeopardy, exacerbating already-existing disruptions at other significant locations worldwide. However, China, the world’s largest consumer, is largely responsible for the resilient demand for copper, which has seen ... (full story)

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  • Category: Fundamental Analysis