Copper still isn’t a one-way bet
Thu, Apr 25, 2024 4:44 PM

Copper still isn’t a one-way bet

A Flip by Riya Sharma
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Copper bulls are roaming the wilds of the London Metal Exchange again. The price for the 3-month contract, which dipped below $8000 a metric ton in late 2023 as Chinese growth sagged, closed above $9700 on Wednesday. It is now up around 13% from the beginning of the year. And BHP, one of the world’s top miners, has just unveiled its bid to buy its rival, and copper heavyweight, Anglo American.

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