Tag: 637/t on Monday
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Copper rallies to 4-month peak, inches close to $14,000/t on persistent supply tightness
Citigroup forecasts copper may reach $15,000/t by year-end Chinese scrap inflows disrupted amid new regulatory measures Copper prices on the London Metal Exchange (LME) extended their rally, with three-month copper closing at $13,637/t on Monday, 1.7% higher than last week’s close, as persistent supply concerns and resilient market sentiment continued to support gains. On Tuesday,…