Copper Inches Towards $11,500 as Supply Disruptions Trigger Global Concerns
Copper prices registered another record as the week drew to a close after fresh orders for the metal flooding in from Japan and Taiwan caused a large wave of withdrawals from warehouses in a rush that was last witnessed on the London Metal Exchange back in 2013. As Wednesday trading ended, the red metal had risen in price by 2.4% on the LME, going past $11,400 a ton and surpassing an earlier record that the metal had set two days prior. Thus far in the year, copper prices have rallied 30%, with the bulk of those gains coming in the…