Copper prices have reached their highest level in 22 months as investors anticipate a struggle to meet resurgent global demand due to limited mine supply. The metal has benefited from a supply shock last year and stronger-than-expected demand, particularly from the global manufacturing sector. Futures on the London Metal Exchange have risen over 12% this year, reaching their highest level since June 2022. Investors are closely monitoring China's industrial sector recovery and the potential reduction in output of refined metal due to disruptions at major mines.
Copper continued its upwards charge, hitting the highest level in 22 months, as investors bet that curtailed mine supply will struggle to keep up with resurgent global demand .
Futures on the London Metal Exchange have risen more than 12% so far this year and are trading at the highest level since June 2022. Copper rose as much as 2.5% to $9,578 a ton by 9:23 a.m. in London.
Copper Prices Global Demand Supply Constraints Mine Supply Manufacturing Sector London Metal Exchange China Industrial Sector Disruptions Output Reduction
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Copper hits new 11-month high with global rate policy in focusNo 1 source of global mining news and opinion
Read more »
Copper hits fresh 14-month high on supply fears, China optimismNo 1 source of global mining news and opinion
Read more »
Copper price soars to 7-month high on China’s plans to cut outputNo 1 source of global mining news and opinion
Read more »
Copper price jumps to new 14-month high on supply risks, demand hopesNo 1 source of global mining news and opinion
Read more »
The March canon: What is it with that month and high-stakes, high-concept love stories?There's a surprising thread that connects The Matrix, Eternal Sunshine, 10 Things I Hate About You, and other films released in March
Read more »