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Copper Named New Gold by Putin's Representative

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Russian President Vladimir Putin's special representative for investment and economic cooperation, Kirill Dmitriev, believes copper has surpassed gold as a valuable asset. In a recent post on X, Dmitriev stated that 'copper is the new gold.'

The statement comes after copper futures for December 2026 delivery hit a record high on September 22. According to trading data, copper futures were up 2.44% at $6.9275 per pound.

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