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Copper price soars to highest since 2014 on vaccine hopes – MINING.com
As coronavirus infections surge worldwide, fears of further near-term supply disruptions are also fueling gains.
The metal surged as much as 1.6% to $7,207.50 a tonne on the London Metal Exchange, to the highest since June 2018.
Pfizer and BioNTech SE plan to file for emergency use, allowing for the vaccine, which they say is 95% effective, to be used in the US in the next month.
Copper is heading for an eighth straight monthly gain, the longest run in almost a decade, as rebounding growth in China and signs of progress in developing a covid-19 vaccine buoy demand prospects.
Copper is heading for an eighth…
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