London copper soared 9.3% in a single day to a record high, with speculation and easing expectations triggering the biggest increase in sixteen years.
London Metal Exchange (LME) copper futures prices soared to a record high on Thursday, posting the largest single-day gain in over sixteen years. The main contract closed up 9.3% at $14,301.50 per ton, briefly breaking through the $14,400 mark and setting a new all-time high. This