Bullish investors push copper price towards 10-year highs


Benchmark copper on the London Metal Exchange (LME) was up 1.8% at $9,379.50 a tonne at 1605 GMT, after touching $9,436, its highest since Feb. 25. (File pic shows copper smelting in Peru. - Reuters)

LONDON: Copper prices rose on Monday as global stock markets hit record highs and the dollar fell, with many analysts and traders expecting the metal to rally to new 10-year highs.

Benchmark copper on the London Metal Exchange (LME) was up 1.8% at $9,379.50 a tonne at 1605 GMT, after touching $9,436, its highest since Feb. 25.

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Copper , aluminium , LME , price , 10-year-high , Port Klang ,

   

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