Business
Copper price powers on – “tell-tale signs of supercycle” – MINING.COM – MINING.com
Copper prices jumps to highest since February 2013 on hopes US economic stimulus will further boost demand for metal already in short supply amid an Asian factory…
On the Comex market, copper for delivery in March advanced 1.2% to $3.6445 a pound in New York, bringing gains in 2020 to over 30%. The metal dipped below $2.00 a pound at the height of the pandemic in March. On the LME, copper also surpassed $8,000 a tonne for the first time in nearly eight years.
The metals jump this week is really boosted by hopes on the US stimulus talks, TD Securities analyst Ryan McKay told Bloomberg.
Citigroup warned earlier this month that the metal was too hot to handle
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