Continuing to set new highs! Copper price approaches $12,000, poised to achieve the "most bullish" year since 2009.
Intellifinancial APP learned that as we approach the end of this significant year dominated by trade turbulence, tight supply, and optimistic long-term demand sentiment, copper prices have climbed to a new high, approaching nearly $12,000 per ton. As of the time of writing, copper prices have risen by 0.8% to $11,970.35 per ton. Prices for aluminum, zinc, and nickel have also increased. With only a few trading days left until the end of the year, LME copper prices are poised to achieve the largest annual gain since 2009.
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