China Economic Rebound Pushes Copper Prices to Multi-Year High – The Wall Street Journal


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Copper has countless industrial applications and has seen a strong rally this year. Photo: Tpg/Zuma Press Copper prices, often seen as a proxy for global economic growth, are hovering near their highest level in 28 months amid mine closures and strong Chinese demand. Three-month copper futures on the London Metal Exchange, the international benchmark, were trading at $6,910 a ton on Thursday. The industrial metal had hit an intraday high of $7,034 on Wednesday. The metal, which has countless industrial applications, has seen a strong rally this year as the coronavirus pandemic closed mines even while demand remained resilient. Copper...