Copper Touches 2-Month High

Bloomberg reported that copper prices rose to a two-month high as heavy rains in Chile closed copper mines in the world’s biggest producer of the metal.

As quoted in the market news,

Copper for delivery in three months on the London Metal Exchange climbed to as much as $6,267 a metric ton, the highest intraday level since Jan. 5 and traded at $6,253 a ton ($2.83 a pound) at 4:19 p.m. in Shanghai. Prices are up 3.4 percent this week, paring losses this year to 0.8 percent.

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