Copper surges through $11,000/t

CASH copper on the London Metal Exchange soared to a new record high overnight.

Copper surges through $11,000/t Copper surges through $11,000/t Copper surges through $11,000/t Copper surges through $11,000/t Copper surges through $11,000/t

Image: iStock/Gillies Paire

Spot copper jumped 7.2% to a record US$11,299.50 per tonne due to market tightness.

By comparison, three-month copper dropped 0.8% to $10,196/t.

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