Copper price hits $7,000 as China rebounds
The industrial metal is up 60% from a low in March as China recovers from coronavirus shock
21 October 2020 - 19:34
London — Copper leapt above $7,000 a tonne on Wednesday for the first time since June 2018, helped by expectations of healthy demand in China, a strengthening yuan and hopes for a US stimulus deal. Strikes at mines in Chile also played a role.
Benchmark copper on the London Metal Exchange (LME) was up 1.4% at $6,998.50 a tonne after earlier reaching $7,034 on Wednesday...
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