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Copper tops $14,700/mt as supply concerns and tech rally boost

Copper prices rose above the $14,700-a-metric-ton mark, supported by a tight supply outlook and a rebound in tech stocks.

XCUUSDCOPPER

Copper prices rose above the $14,700 a metric ton mark, supported by a tight supply outlook and a rebound in tech stocks. "With the dollar having had little influence on recent price action, we see the near-term path for copper as increasingly momentum-led," analysts at Sucden Financial said.