Copper price jumps to 8-month high
On Monday in New York, copper for delivery in March closed the day near $2.8640 a pound ($6,314 a tonne), an 8-month high and up 3% from 2019’s closing level. The US Treasury on Monday lifted China’s designation as a currency manipulator, paving the way for the signing on Wednesday of a phase-one trade deal with China. Radomiro Tomic copper mine in Chile. (Image courtesy of Codelco via Flickr) China consumes half the world’s copper, and the dispute with the US has weighed on the market for more than a…
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