Economic TimesLean R·
Copper hits two-month high above $14,000 as inventories dip
Copper prices climbed above $14,000, reaching a two-month high on Tuesday. This surge was fueled by decreasing inventories outside the United States and potential Iran war resolution. Available copper inventory in LME warehouses fell to just over a day's global consumption. Aluminium prices also rose, touching their highest level since June 23. Other metals like nickel, zinc, lead, and tin saw moderate gains.
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