Copper prices reach their highest level since June

Copper prices reach their highest level since June
Credit: Belga

The price of copper topped $9,000 a tonne on the London metals market on Wednesday, buoyed by the prospect of increased demand in China since Beijing has abandoned its zero-Covid policy.

This is the first time the price of the metal has risen above the $9,000 mark since last June.

Copper, an extremely versatile metal, is used in many sectors such as construction, the auto industry and telecommunications.

China is the world’s largest consumer of copper.

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