Optimism Regarding US-China Talks Drives Copper Price to Near-Record
The price of copper has surged significantly these last few weeks, climbing towards last year’s record highs. The red metal’s rebound is being fueled by tightening supplies and renewed optimism about global demand, particularly as hopes rise for progress in America-China trade negotiations. Market sentiment has strengthened after both Washington and Beijing signaled a willingness to re-engage in talks and reduce trade tensions. Any breakthrough in these discussions could revive industrial activity in China, which is the biggest consumer of copper globally, and provide a firmer foundation for prices heading into next year. In London, three-month contracts increased by over…