10 April 2024
Copper prices reached a 2024 peak, with May delivery hitting $4.323 per pound in New York, marking its highest level since June 2022. The London Metal Exchange saw three-month copper prices increase by 0.6% to $9,477 per metric ton. This surge in copper prices is significant as copper demand is often viewed as an indicator of global economic health, suggesting a positive outlook on the economy’s strength.