Copper price blasts to 9-year high on demand optimism

Copper prices jumped to a nine-year high on Thursday as Chinese investors returned from a week-long holiday, adding impetus to a rally that has almost doubled prices since the height of coronavirus worries last March.

METALS-Copper hovers near eight-year high as Chinese holiday starts

LONDON, Feb 11 (Reuters) - Copper took a breather on Thursday as Chinese markets closed for the week-long Lunar New Year holiday after four days of rapid gains that lifted prices to their highest in eight years, with analysts expecting tight supplies to push the rally further.

Copper price rally reaches new high

Copper prices surged on Wednesday as rising inflation expectations caused by US stimulus, a falling dollar, decreasing rates of coronavirus infections and historically low stocks spurred fresh buying.