[MARKET UPDATE] Copper futures extend on their recent rally with CME futures climbing above the USD 6/lb level, while the benchmark LME copper contract rose to a fresh record high north of USD 13,150/ton

Copper futures extend on their recent rally with CME futures climbing above the USD 6/lb level, while the benchmark LME copper contract rose to a fresh record high north of USD 13,150/ton.

Copper prices are experiencing a significant upward trend, with futures crossing critical levels on both CME and LME exchanges. This rally indicates strong demand or supply constraints, which could have broader implications for inflation and currency valuations, especially in USD and related currencies.