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Copper prices have trended above $5.00 per pound since last week, a level last seen in May 2024. Copper futures for May delivery closed at $5.09 yesterday after hitting a high of $5.18. Prices are being driven by concerns over U.S. tariffs and stimulus measures in China. The metal has had a good run so far this year, notching a gain of 27.9%. It remains to be seen whether the commodity can break its record high of $5.199 per pound set on May 20, 2024.
Amid this strong momentum in copper price...
>>> Read more: 5 Stocks to Keep an Eye on as Copper Prices Approach Record Highs
Amid this strong momentum in copper price...
>>> Read more: 5 Stocks to Keep an Eye on as Copper Prices Approach Record Highs