Copper Tops $8,000 as Goldman Points to Commodities Super-Cycle
- Rising demand, supply snags and weaker dollar lift prices
- Global inventories have sunk to the lowest level in six years
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Copper topped $8,000 a ton for the first time in more than seven years, boosted by continued optimism that U.S. lawmakers are likely to deliver a much-needed virus-relief package soon.
Congress is facing down a midnight deadline to pass a pandemic relief measure as part of a massive government spending bill or rush through another stopgap to keep the government funded through at least the weekend while talks continue.