June 18, 2021
Business News

Copper Just Smashed Past a Record. Here’s What You Need to Know

(Bloomberg) —

Copper soared this week to an all-time high, continuing a sizzling rally that’s seen prices double in the past year.

The previous copper record was set in 2011, around the peak of the commodities supercycle sparked by China’s rise to economic heavyweight status — fueled by massive amounts of raw materials. This time, investors are betting that copper’s vital role in the world’s shift to green energy will mean surging demand and even higher prices. Copper futures rose as high as $10,440…

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