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Driven in part by troubles with Vale’s Sudbury operations, nickel surged to a seven-year high on Wednesday.

BloombergNEF expects the nickel price to remain elevated above $18,000, although it will continue to underperform copper and aluminum.

London — Copper returned above $10,000/mt on the back of a weak dollar and with China returning to work after a three-day national holiday, with the London Metal Exchange three-month spot copper price trading at $10,117.50/mt ($4.59/lb) at 1749 GMT, some $72.50/mt short of its all-time high of $10,190/mt from February 2011. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Scotiabank analysts said LME three-month copper hit $10,028.50/mt during early May 6 trading, with the red metal dropping to $9,993/mt at 9:00 GMT,...

The World’s Industrial Comeback Drives Metals to Multi-Year High Bloomberg 2 hrs ago James Attwood and Yvonne Yue Li (Bloomberg) -- Industrial metals from copper to aluminum to iron ore have rallied to the highest level in years. The reasons for their gains are plentiful: Copper -- critical for everything from electrical wiring to motors and thus a bellwether for the global economy -- broke out of its recent range to trade near the highest since the last supercycle as industrial operations ramp up worldwide. Iron ore, aluminum and steel are meanwhile gaining on speculation...

Publishing date: Apr 23, 2021  •  1 hour ago  •  3 minute read  •  Article content (Bloomberg) — Industrial metals from copper to iron ore gained momentum this week, flirting with decade-high prices as signs of Chinese and U.S. demand strength blunted concerns over worsening virus outbreaks elsewhere. Copper, a key electrification metal and economic bellwether, broke out of its recent range to trade near the highest since the last supercycle, underpinned by spending on green infrastructure and a weaker dollar. Iron ore, the main steelmaking ingredient, advanced for a fourth w...