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Commodities

Copper Surges Past Records Amid Ongoing Supply Woes

Guavy AI Editorial Team
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Copper
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Copper prices continued their upward trajectory on Friday, reaching record levels amid ongoing supply concerns.

Data from the London Metal Exchange (LME) showed copper posting its tenth consecutive weekly gain, a significant milestone in an otherwise turbulent market.

The red metal's price surge can be attributed to production concerns and supply tightness. The LME data highlighted the strain on copper supplies, adding to the metal's already strong fundamentals.

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