CAPITAL MARKETS

Copper surges to record high

COPPER scorched its way to an all-time high of $US1.81 a pound in New York, triggering fears that it is set for a big fall when a series of supply disruptions are corrected.

Tim Treadgold
Copper surges to record high

Friday’s closing price was the fifth consecutive record for copper, which is being driven by hedge fund buying in the wake of smelter and mine closures in Zambia, and industrial unrest in the US and Canada....

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