Middle East

Copper hits 9-1/2-yr high on tight supply, solid demand

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Reuters
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1614062754422677800
Tue, 2021-02-23 06:39

HANOI: Copper prices hit a 9-1/2-year high on Tuesday as tight supply and solid demand from top consumer China boosted sentiment.
The most-traded April copper contract on the Shanghai Futures Exchange rose as much as 4.1 percent to 68,790 yuan ($10,647.45) a ton, its highest since August 2011.
Three-month copper on the London Metal Exchange rose as high as 2.3 percent to $9,305 a ton, also the most since August 2011.

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