Copper Nears $12,000 a Ton as Supply Cuts Fuel Annual Surge [Yahoo! Finance]
HONG KONG EX&CL UNSP/ADR (HKXCY)
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Source: Yahoo! Finance
The metal seen as a bellwether for the global industrial economy traded 0.4% higher on the London Metal Exchange, nearing an all-time high of $11,996 a ton struck on Monday. Prices are up by about 37% this year, on course for the biggest annual gain since 2009. Most Read from Bloomberg New York's Congestion Pricing Is Working. Five Charts Show How With Mamdani, the Humble Bus Gets Its Due ICE Plans Detention Expansion With Deal to Design 'Mega Centers' As Zipcar Leaves London, Car-Share Boosters Are Looking for a New Ride NYC's Adams Challenges Mamdani Rent Freeze With Board Picks Sentiment on copper has benefited from a broader rally in risk assets in recent days, but the underlying driver has been expectations for large volumes of metal to keep flowing to the US, draining inventories elsewhere. Still, there have been more cautious voices pointing out that global demand remains relatively soft. “The current rise in copper prices lacks demand support and is primarily
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News
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- Reassessing Hong Kong Exchanges and Clearing (SEHK:388) Valuation After a Recent Rebound in Investor Sentiment [Yahoo! Finance]Yahoo! Finance