Page 5 - Greg Sharenow News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil traders are betting that longer-term crude prices could be set to spike.

SHARE Copper soared to an all-time high as optimism about a global rebound from the pandemic boosts commodities markets. The metal - an economic bellwether - is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus measures and vaccine rollouts are fuelling prospects for a resurgence in demand that’s set to strain supply, while copper’s crucial role in the green-energy transition is set to underpin longer-term gains. Big banks and others including trader Trafigura Group have rolled out a list of lofty price targets, with ...

Copper soared to a fresh all-time high as optimism about a global rebound from the pandemic boosts commodities markets. The metal -- an economic bellwether -- is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus measures and vaccine rollouts are fueling prospects for a resurgence in demand that’s set to strain supply, while copper’s crucial role in the green-energy transition is expected to underpin longer-term gains. At the same time, a lack of mine investment may leave the market short of the supply needed to meet...

Copper, iron ore hit record highs AFP, HONG KONG, and Bloomberg Copper and iron ore prices hit record highs yesterday as demand for the key commodities surges on the back of a powerful recovery in the global economy. With major economies, led by the US and China, reopening after last year’s COVID-19 shutdowns, industries are ramping up production, pushing the cost of materials ever higher as traders also worry about a lack of supply caused by the pandemic. Copper, a major indicator of the state of the global economy owing to its use in a multitude of products, yesterday finally broke to an ...

Signs of inflation are picking up, with a mounting number of consumer-facing companies warning in recent days that supply shortages and logistical logjams may force them to raise prices.