Copper Nears Record High as Traders Tune Out Trump's Iran Rejection
Copper is defying the 'war discount' usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The three-month contract on the London Metal Exchange climbed as much as 0.5% to $13,643 a ton, its stron
Copper is defying the 'war discount' usually applied to industrial metals, nearing an all-time high on Monday as a brutal supply crunch proves more powerful than the threat of a global recession The three-month contract on the London Metal Exchange climbed as much as 0.5% to $13,643 a ton, its strongest intraday print since the January 29 spike that briefly carried prices above $14,500, according to Bloomberg. The rally extended across the LME complex. Aluminum jumped more than 2%, nickel added 1.9%, and the exchange's all-in price gauge closed…