Copper Prices Surge Near Record Highs Amid Trade Deal Hopes and Supply Concerns

Post Views: 182 Copper Copper Price Surge: Trade Deal and Supply Woes Fuel Rally Copper prices have surged toward record highs, driven by optimism over a potential US-China trade deal and disruptions at key mines. On Monday, prices on the London Metal Exchange (LME) rose 1.2%, reaching $11,094 per tonne, just shy of the May 2024 record. Copper futures on the COMEX hit $5.247 per lb., equivalent to $11,568 per tonne, also nearing the July record high of $12,330 per tonne.   US-China Trade Deal Sparks Optimism for Copper Demand The copper price rally coincides with optimism surrounding a po...