Copper Price Plunges in New York After Hitting New High in London

Post Views: 220 Copper Copper Price Volatility Hits Global Markets Copper prices surged toward $13,000 per tonne in London on Monday, marking one of the most volatile periods for the metal this year. Early trading gains reached 6.6%, before prices settled around 1.6% higher by mid-afternoon. Meanwhile, New York futures dropped as much as 6%, erasing Friday’s advances while London markets were closed. Supply disruptions across major mining regions, including Indonesia, the Democratic Republic of Congo, and Chile, have tightened availability. Freeport McMoRan declared force majeure at Grasberg, ...