Copper jumps to 3-week high

copper jumps
Escondida — responsible for about 5% of the world’s total copper output — failed to produce more than 120,000 tonnes of the red metal due to a 44-day strike earlier this year. (Image courtesy of BHP.)

ANDREW TOPF on MINING.COM | 17 December 2017

“The copper price is scaling heights not seen since the end of November, bolstered by strong economic data coming out of China and Wall Street buying.

9Finance reported on Sunday that rising stock market indices on Wall Street “had boosted sentiment and sparked a wave of buying on industrial metals markets.”

Benchmark copper on the LME settled up 1.4% to US$6,886 a tonne, reaching a three-week high compared to the previous high set November 28.

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