Copper Flies While the Market Evaluates Whether the Ton Will Achieve $15,000
4 Articles
4 Articles
The price of raw material reached its second highest level in nominal history. Experts recognize the positive impact on exports but it is insufficient to push the economy.
Copper prices traded just below record levels as supply tightness in markets outside the US remained a concern. On the London Metal Exchange, copper fell 0.55% per ton...
The movement also reached other industrial metals. Zinc advanced 1.1%, aluminum gained 0.1% and iron ore futures rose 0.8%, up to US$ 101.10 per ton in Singapore. The entry Copper sets a new record and already points to US$ 15,000 per ton was first published on Ultima Cable - World News.
The red metal reached a new historic peak of US$14,500 a ton (US$6.58 a pound) on the London Metal Exchange. A report anticipates that it can continue to rise.
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