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Copper Breaches $5-Per-Pound Mark Amid Supply Constraints And Speculative Demand

Published: May 16, 2024

Copper futures soared to a record high of $5.13 per pound before easing to $5.05 on Wednesday, driven by mounting concerns over insufficient supply and heightened speculative demand, further intensified by a short-squeeze in the US.

Source: thedeepdive.ca

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