Copper Extends Rally to Top $10,000 With All-Time High in Sight
- Metal approaches record set in February 2011 on demand bets
- Economic growth, green-energy plans bolster outlook for copper
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Copper topped $10,000 a metric ton for the first time since 2011, nearing the all-time high set that year as rebounding economies stoke demand and mines struggle to keep up.
Prices rose as much as 1.3% to $10,008 a ton on the London Metal Exchange, before slipping back to trade near unchanged. The metal hit a record $10,190 in February 2011.