(Bloomberg) — Aluminum slipped from the highest level in more than three years and copper steadyd near a record as investors mulled what’s next for metals after a powerful start to the year. Industrial metals have enjoyed a bullish run into the new year, with copper hitting records above $13,000 a ton, and aluminum notching…
(Bloomberg) — Copper slid from a record high, declining along with other industrial metals, as traders booked profits from a swift run-up in prices. Futures for copper, nickel and zinc declined more than 2% at the close of trading on the London Metal Exchange, trimming sharp gains seen over the past couple of weeks as…
Copper had its best year since 2009, fueled by near-term supply tightness and bets that demand for the metal key in electrification will outpace production. The red metal has notched a series of all-time highs in an end-of-year surge, rallying 42% on the London Metal Exchange this year. That makes it the best performer of…
