Copper Rallies to Two-Month High
Copper prices climbed over $9,500 per tonne for the first time in two-months Monday, as supply concerns ushered investors back into the copper market.
Copper prices climbed over $9,500 per tonne for the first time in two-months Monday, as supply concerns ushered investors back into the copper market.
In an interview with Copper Investing News, Yu-Dee Chang, Principal and Chief Trader at ACE Investment Strategies weighed in on the perspective that as an industrial metal, copper is the “most crucial” of the critical metals.
Copper prices have been gaining over the last week as the red metal touched a three-week high last Friday, ignoring weak economic data out of the United States as a rally in equities and a weak greenback provided enough momentum to boost prices.
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