Copper Prices Soar to Record High
Update: 2025-11-28
Description
Copper prices soar to record highs amid supply shortages, market optimism, and trading disruptions. A perfect storm of factors, including a halt in trading on the CME’s Comex Exchange, has driven prices to an all-time high of eleven thousand two hundred ten dollars and fifty cents per ton. Kostas Bintas of Mercuria Energy Group warns of potential global shortages due to the US arbitrage trade, while industrial metals benefit from expectations of further monetary easing by the US Federal Reserve.
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