Copper Prices Hit 11-Month High on Supply Concerns and Shift in Fed Policy
- Copper prices extend gains, reaching 11-month high near $9,000/ton
- Investors bet on tighter global copper supply and demand
- Chinese smelters meet to discuss potential production cuts due to low processing fees
- Copper also benefiting from expected pivot by Fed away from interest rate hikes
- Other metals like aluminum also edging higher amid broader industrial commodity rally