Copper Surges to Fresh Record as Inventories ‘Locked in the US’

Copper extended a powerful rally after bursting through $13,000 a ton for the first time, as traders and investors bet on a tighter global market.

By Martin Ritchie, Winnie Zhu · Bloomberg Markets

Copper extended a powerful rally after bursting through $13,000 a ton for the first time, as traders and investors bet on a tighter global market.