Copper’s Red-Hot Rally, Fueled by EVs, Renewables and a Smelter Squeeze
March 31, 2024 at 08:30 AM EDT
Copper futures climbed as high as $9,164.50 per metric ton on the London Metal Exchange (LME) on Monday, March 18, marking a fresh 11-month high. The rally comes hot on the heels of a months-long sideways grind, propelled by supply risks and growing optimism around the global economic outlook. Contributing to the run-up is news [...] The post Copper’s Red-Hot Rally, Fueled by EVs, Renewables and a Smelter Squeeze appeared first on ETF Trends .
