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Copper and Iron Ore Surge as Chinese Investors Unleash Demand

  • Spot iron ore breaks above $200 a ton for the first time
  • Investors monitoring inflation, impact of prices on demand
Copper Production at KGHM Polska Miedz SA Smelting Plant
Photographer: Bartek Sadowski/Bloomberg
Updated on

Spot iron ore broke $200 a ton for the first time, while copper approached a record high as Chinese investors unleashed fresh demand following a three-day holiday.

The reopening of major industrial economies is sparking a surge across commodities markets from corn to lumber, with tin climbing above $30,000 a ton for the first time since 2011 on Thursday. In the wake of mounting evidence of inflation -- fueled by higher raw materials prices -- investors are also increasingly focused on when the U.S. Federal Reserve might start throttling back its emergency support.