Can the copper bull run continue?
If, as the commodity market adage goes, the cure for high prices is high prices, where does that leave copper?
The world’s most important industrial metal, used in everything from electric vehicles to power cables, has risen more than 100 per cent from its pandemic lows in March last year.
Last week it hit a 10-year high above $9,500 a tonne before falling back as speculators piled in and a Chinese brokerage amassed a $1bn long position on the Shanghai Futures Exchange.
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