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Will Copper prices stay above $11,000 by end of 2024?
4
Resolution / Starting Odds
Yes • 50%
No • 50%
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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