Energy

Global Supply Woes Push Copper Past $11,400 Per Ton

Soaring copper orders from South Korea and Taiwan led to the biggest rise in requests for withdrawals from London Metal Exchange warehouses since 2013, pushing copper prices to a new record high on Wednesday.  The price of copper increased by another 2.4% on the London Metal Exchange (LME) early on Wednesday, to exceed $11,400 per ton, which beat the previous record high from just two days ago.    Copper prices have jumped by around 30% so far this year, with the gains mostly occurring in the second half, amid a series of supply…

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Categories: Energy