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