Vaccine Breakthrough Prompts Uptick in Copper Prices
The price of copper increased last week, reaching a new record after breakthrough reports on the coronavirus vaccine from Moderna and Pfizer. The copper price for delivery (December) on the Comex market increased by 3.1% to $7,176 per ton. If copper closes at any price higher than $3.30, it would mark the highest level since January 2014. On the London Metal Exchange, the price of this valuable metal increased to $7,207.50 per ton, roughly a 1.6% surge, the greatest amount since 2018 (June). The vaccine is said to be 95% effective. BioNTech SE and Pfizer are planning on filing for…
