Copper prices on the LME exchange set a new historical high
Three-month copper futures rose by 2.65%, reaching a peak price of $13,390 per ton.
The rise in copper prices is occurring against a backdrop of market concerns about resource shortages and expectations that the situation in Venezuela may accelerate demand for key minerals, Reuters reports.
Analysts at Goldman Sachs have identified copper as one of the most promising metals by 2026.
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