20 days ago • Posted by William Ramstein

Copper continues surge towards 2011 all time high levels of $10,000

''Copper extended gains to its highest levels in a decade as global growth underpinned a rally in metals markets ranging from aluminum to iron ore. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s with a jump in Chinese orders. With copper demand set to soar once more, there are mounting concerns that producers will struggle to plug the gap as they battle a host of technical and regulatory pressures. In top producer Chile, a group of port workers this week began protests against the government’s pandemic relief policies, threatening near-term supplies.''

Source: Yahoo/Bloomberg

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