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21 Dec
13:13

COPPER: Copper moves toward $8,000/t on LME

Growing electrification in Europe, a new US Covid-19 stimulus package and on-going interest in transport electrification in China is pushing copper toward $8,000/tonne on the London Metal Exchange, Kallanish learns from a report by Dutch banker ING Group.  “The funds community has been enthusiastic on copper given the macro tailwinds and the long-term bull narrative rooted in copper’s increasing usage from electrification - tied to global decarbon…
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