Copper sets record high on tight non-US supply
Copper hit a record high Thursday on scarce supply outside the United States. Three-month copper on the LME CA1 contract rose, while oil was held firm above $100 a barrel, contributing to inflation concerns.
Copper hit a record high on Thursday as supply remained tight outside the United States, despite oil above $100 a barrel adding to inflation concerns and lifting global bond yields, factors that are usually a headwind for the red metal.