Copper Has Best Week Ever as Analysts Warn It Can’t Last: Chart

Copper Set for Best Week Ever

Copper is having an unprecedented week. Prices soared 20 percent since Monday, putting the metal on track for the biggest weekly gain in records stretching back to 1986, amid speculation that U.S. President-elect Donald Trump’s infrastructure spending will fuel commodity demand. Citigroup Inc.’s David Wilson said the run-up is being driven by Chinese speculators, and prices will retreat soon once the froth subsides.

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