Dr. Copper takes off! Supply crisis brings super market performance, London copper hits historic high.
The financial media app Zhitong learned that due to concerns about global market supply shortages, copper prices on the London Metal Exchange (LME) have risen to a historical high. The market is worried that the United States may impose import tariffs, causing various parties to rush to transport copper to the US, which could exacerbate supply shortages in other regions, as miners struggle to meet demand. On Monday, LME copper prices surged 0.9% to $11,294.5 per ton, while futures prices on the New York Mercantile Exchange (Comex) soared 1.6%. Other metal prices also rose, with aluminum prices up 0.5%.
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