Copper leapfrogged the pivotal $3 a pound level on Wednesday after a key gauge of the Chinese manufacturing sector, the world’s top consumer of the metal, showed new orders jumping to a nine-year high.
Copper for delivery in December trading on the Comex market in New York changed hands for $3.0415 a pound ($6,705 a tonne) in early afternoon trade, up 1.7% from Tuesday’s settlement.
Wednesday’s move brings gains for 2020 to 9.1% and 57% since the covid-19 lows struck in March. A fortnight ago, the bellwether metal reached the highest price since June 2018. Read more…..
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10 countries, 640 million people, a combined economy the size of India’s. ASEAN is preparing for the next generation. In episode one of this four part series Bloomberg’s Haslinda Amin explores the financial and digital revolution driving connectivity, integration and inclusion.
