Copper Extends Rally, Bursting Through $13,000 a Ton [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
In afternoon European trade on Tuesday, futures on the London Metal Exchange rose 0.6% to $13,172 a ton after reaching a high of $13,387.50 earlier in the session. Copper surged 42% last year, marking its biggest annual gain since 2009. A Mystery Trader Made $400,000 Betting on Maduro's Downfall Trump's Hint to Oil Executives Weeks Before Maduro Ouster: ‘Get Ready' Hilton Lands in DHS Crosshairs After ICE Agents' Hotel Reservations Are Canceled Do Tariffs Cause Inflation? New Studies Offer Surprising Answer How Corporate Security Has Changed a Year After UnitedHealth Killing The rally has been fueled by a series of mine disruptions and heavy stockpiling in the U.S. amid concerns that the Trump administration could impose tariffs on refined metal imports this year. The U.S. Secretary of Commerce is due to provide an update by June 30 that will determine whether the administration moves ahead with a universal duty on refined copper of 15% in 2027 and 30% in 2028. The pros
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News
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