business ⛏️ Copper hits record highs amid market squeeze
Copper prices set a fresh Comex record on Wednesday as US inflation readings eased interest rate fears. This surge occurred while London faced the widest premium of the year due to physical shortages. September delivery touched $6.7140 a pound, exceeding the previous August 5th record of $6.7045. Furthermore, Chile lowered its production forecast for the second straight quarter. These market shifts are contrasted by major mining projects advancing globally. ⛏️