https://www.bloomberg.com/news/arti...longest-in-a-generation-as-bulls-stand-ground
Latest article above - a snippet from it below.
Copper is on a run that’s set to be the best in almost 30 years.
The metal is on course for the longest winning streak since 1989, topping $7,300 a metric ton in London, on optimism about increased demand, supply disruptions in China and a weaker dollar.
Three-month copper rose as much as 1 percent to $7,312.50 on the London Metal Exchange, the highest since January 2014, and traded at $7,267 at 12:20 p.m. in London. The metal is up for a 10th straight day.
“It is the Chinese demand which is driving the copper price crazy,” said Naeem Aslam, the chief market analyst at Think Markets U.K. “We expect this bullish sentiment to continue into 2018 on the basis of the stronger global demand.”
Base metals have posted the biggest returns among raw materials in 2017, with copper, aluminum, zinc and nickel leading gains on the Bloomberg Commodity Index. The advances have been fueled by faster demand and supply disruptions, including plant halts in China as officials press home a battle against pollution. On Thursday, further support came from a weaker U.S. currency as the dollar fell for a second day.
Copper Advances, page-2
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