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Copper price moves to seven-year high on Biden plan, weaker US dollar, production decline – Stockhead
The price of copper has surged to a seven-year high of $US7,300 per tonne ($9,910/t) as demand heats up on a recovering global economy and a weaker dollar.
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- Copper up 58 per cent from March low, market headed for a 50,000 tonne deficit in 2020
- ‘It is anticipated that 2020 will be the second consecutive year of decline’
- ASX copper explorers Comet Resources, Freehill Mining and SSR Mining up in morning trade
The price of copper has surged to a seven-year high of $US7,300 per tonne ($9,910/t) cash basis as demand for the industrial metal heats up with a recovering global economy and is supported by a weaker US dollar.
The red metal’s…
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