Copper price increasing toward $10,000
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Update time : 2021-04-29 19:26:47
Copper increases toward US$10,000 due to stimulus measures, vaccine proceedings, and climate pledges, leading to a global recovery from the COVID-19 epidemic.
Global growth pushed the metal markets to grow. Metals such as aluminum, copper, and iron ore all hit the record of high price.
The copper demand was pushed higher and higher. The port workers in Chile started to protests against the government’s pandemic relief policies this week which would hurt the supplies.
The positive global growth raised the financial market interest in commodities. Copper is benefiting a lot from the positive global growth.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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