Copper price keeps soaring amid commodities rally

  • 02/23/2021
  • Source: Mining.com
  • by: MINING.COM Staff Writer
Copper price keeps soaring amid commodities rally
Copper price surged again on Tuesday after the metal shot above $9,000 a tonne for the first time in nine years.

March contracts rose 1.5% to $4.1790 per pound ($9,193.8 per tonne) in New York, its highest level since an August 2011 high of $4.50.

Click here for an interactive chart of copper prices.

Copper is surging amid a broad rally in metals from iron ore to nickel. The bellwether industrial metal has doubled in price since a nadir in March, also boosted by rapidly tightening physical markets and prospects for rebounding economic growth.
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