Copper Nears Record Highs Again: The Rally Continues
Copper is once again at the center of attention in the commodities market. On Tuesday, CUCUSD rose to around 6.80, almost returning to the highs seen at the beginning of August. Sellers failed to trigger any significant correction afterward: during the current session, prices are holding around 6.79, remaining very close to the levels reached.
At the same time, the global benchmark confirmed the strength of the move. On September 8, three-month copper on the London Metal Exchange rose above $14,700 per tonne, setting a new all-time high. This shows that the rally in CUCUSD is part of a broader global copper market move.
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