Copper Advances to Highest Since 2014 as China Steps Up Curbs
- Red metal in longest stretch of gains since November 2016
- Goldman Sachs analysts expect higher copper prices in 2018
Copper Hits Three-Year High as China Cuts Back
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Copper rose to the highest in almost four years as Chinese officials stepped up pollution-fighting efforts by halting processing plants.
On the Comex in New York, copper futures gained for a 14th day, the longest winning streak in more than a year, to post the highest closing price since January 2014. Jiangxi Copper Co., China’s largest producer, received the order Monday to stop output for at least a week before a further assessment based on local pollution levels.