Copper Price Hits 8-year High on Stimulus Hopes, Supply Fears

Benchmark copper on the London Metal Exchange (LME) on January 6th, was up 0.5% at US$8,039.50 a tonne at 1731 GMT, taking gains in January to around 3.5% after a 26% price rise in 2020.

RIO DE JANEIRO, BRAZIL - Copper prices reached their highest since February 2013 on Wednesday as Democrats who want increased economic stimulus edged closer to control of the U.S. Senate and a blockade threatened to halt operations at a major mine in Peru.

Benchmark copper on the London Metal Exchange (LME) on January 6th, was up 0.5% at US$8,039.50 a tonne at 1731 GMT, taking gains in January to around 3.5% after a 26% price rise in 2020.

Copper is used in power and construction and some analysts believe massive investment in green infrastructure and . . .

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