Copper soared to a record high of more than $13,000 per tonne on Tuesday, as concerns over supply disruption and tariffs extended a rally that has pushed up the price of the metal by nearly a third since October.
The metal rose 3 per cent in early London trading to more than $13,370 per tonne, having only passed $12,000 for the first time in late December.
The price of copper has hit a series of record highs since it began a sharp rally in October, after several disruptions at major mines including Freeport-McMoRan’s huge Grasberg complex in Indonesia.
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