Copper Goes Red Hot as Prices Rally to Two-Year High on China
- Top user said to plan curbs on waste imports containing metals
- ‘We’ll need an oxygen mask to move higher,’ says SocGen’s Bhar
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The red metal is red hot.
Copper surged to the highest level in more than two years, lifting shares of producers including Glencore Plc, on expectations that demand in China will fuel a global shortage, with plans in the country to curb metal-rich waste imports reinforcing a bullish outlook.