Copper reaches 2018 high
IT was copper’s time to shine overnight as the US dollar dropped and supply fears crept in.
LME cash copper rose by 1.6% overnight to a 2018 high of US$7211.25 per tonne, while three-month copper gained 1.7% to $7220/t.
Labour negotiations at BHP's Escondida mine in Chile - the world's largest copper mine - are driving the supply concerns.
Escondida experienced its longest strike ever early last year when production was halted for six weeks.
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Copper reaches 2018 high IT was copper’s time to shine overnight...
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| Open | High | Low | Value | Volume |
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