Copper’s time is now’ as traders switch from iron ore
Alex GluyasMarkets reporter
Mar 19, 2024 – 10.14am
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Diverging prices for two of Australia’s key exports has triggered a rotation across commodity markets, with traders being told to abandon their love affair with iron ore and jump on the copper bandwagon.
Copper prices surged nearly 6 per cent last week and hit an 11-month high above $US9000 a tonne, fuelled by supply concerns at mines and smelters in China and optimism about a spike in demand for metals used in the energy transition and the booming artificial intelligence sector.
From AFR
Copper’s time is now’ as traders switch from iron ore [IMG] Alex...
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