Copper Hits Highest Since 2011 as Global Recovery Powers Metals
- Iron ore futures and Chinese steel prices climb to fresh highs
- Economic growth, green-energy plans bolster outlook for metals
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Copper climbed to the highest in almost a decade as the global recovery from the pandemic extended a rally in metals markets.
Aluminum is surging and iron ore jumped to a fresh high as commodities advance toward the highs of the last supercycle. Metals are benefiting as the world’s largest economies announce stimulus programs and climate pledges as they rebuild from the coronavirus shock.