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Market
Copper price range by end of June 2024
5
Resolution / Starting Odds
Below $10,000 • 25%
$10,000 to $10,999 • 25%
$11,000 to $11,999 • 25%
Above $12,000 • 25%
London Metal Exchange (LME) daily closing prices
Story
Copper Prices Hit Record High Above $11,000 on May 20 Amid Supply Shortage Bets
May 20, 2024, 10:19 AM
Copper prices surged to an all-time high on Monday, May 20, with the London Metal Exchange (LME) recording prices above $11,000 per metric ton. This increase, which marks a rise of more than 25% this year, is driven by investor bets on an impending supply shortage. Financial investors have been piling into the market, fueling a months-long rally.
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Below $4.50 • 25%
Between $4.50 and $5.00 • 25%
Between $5.01 and $5.50 • 25%
Above $5.50 • 25%
$5.25 per pound • 33%
$5.50 per pound • 33%
Above $5.50 per pound • 34%
