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COPPER'S RALLY NEEDS CHINA IMPETUS TO REACH RECORD

  • NEWS Desk Global
  • 1 day ago
  • 1 min read

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Copper prices touched $11,000 per metric ton on October 9, a milestone seen on only two other trading days in the history of the London Metal Exchange - and one that has analysts questioning whether the metal can scale a new peak.

Used in power and construction, copper had moved within touching distance of its all-time high of $11,104.50, set in May 2024, before losing ground on Friday after U.S. President Donald Trump threatened to impose higher tariffs on China.

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