Copper Heads Toward Record High on LME as Supply Tensions Build

AI Summary

Copper prices on the London Metal Exchange have extended a seven-week rally, approaching record levels amid rising tensions in supply. An unusual widening of a key price spread signals increased competition for short-term copper supply.

Copper extended a seven-week rally to head toward a record, with a key price spread on the London Metal Exchange widening to unusual levels in a clear sign of rising competition for short-term supply.