Copper Hits Record in China, Jumps in New York on Supply Concern [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
In China, prices gained as much as 3.7% to near 100,000 yuan ($14,230) a ton on the Shanghai Futures Exchange for the first time, while contracts rose almost 4% to $5.7855 a pound on the Comex. For the US benchmark, that's the highest since an unprecedented short squeeze in July. The London Metal Exchange will reopen on Monday after the Christmas break. Most Read from Bloomberg New York's Congestion Pricing Is Working. Five Charts Show How As Zipcar Leaves London, Car-Share Boosters Are Looking for a New Ride London's Love of Wood-Burning Stoves Sparks a Pollution Debate When It Comes to US Transportation, 2025 Had Some Wins, Too Copper's latest leg-up on Friday came as precious metals also bolted higher, with gold, silver and platinum all surging to nominal all-time highs in a powerful end-of-year rally that has dominated global commodity markets. Metals have made big gains in December, rounding off a year in which trade dislocations, geopolitical uncertainties, and su
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News
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- Supply and Tariff Woes Send Copper Prices to Record High above $12,000 [Yahoo! Finance]Yahoo! Finance
- Copper Nears $12,000 a Ton as Supply Cuts Fuel Annual Surge [Yahoo! Finance]Yahoo! Finance