Copper price surges to 2-month peak, shaking off China concerns
The global energy crisis that has led to power shortages and factory slowdowns did not stop copper prices from rallying to their highest levels since the beginning of August. On Wednesday, copper futures for December delivery erased earlier losses to trade at $4.499/lb for a gain of 4.0% as of 3:40 p.m. EDT. The intraday high was $4.528/lb. The rebound in copper prices comes amid short-term concerns surrounding China and its debt-addled property sector, plus the ongoing economic threat posed by the covid-19 delta variant. “In the short term there are some…
Read More Here
