Copper price climbs to highest since 2012 amid supply concerns
The metal used in pipes and wires rises as 25 producers indicate the market may be in a sizeable deficit in 2021
15 February 2021 - 21:58
London — Copper climbed to the highest level since 2012 on Monday as a risk-on mood across global markets helped to lift equities and put pressure on the dollar.
Prices have soared on optimism that the use of coronavirus vaccines will aid a rebound in global growth. Copper climbed 5.3% last week on the London Metal Exchange (LME), in the biggest gain since July...
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