ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Commodities

Copper hits 2-year high above $10,000 on China squeeze

Supply concerns hang over market for vital industrial metal

China accounts for more than half of global copper consumption.   © Reuters

TOKYO -- Copper prices rose the highest in two years Friday amid signs of a tighter supply-demand relationship in China, the world's largest consumer of the metal.

Three-month copper futures on the London Metal Exchange briefly topped $10,000 a tonne. The red metal used in everything from homes to electric vehicles is up roughly 20% this year.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more