SCCO - Progress In Copper - It's All About China
The price of copper made some progress on the upside last week as the price rose above the $2.80 per pound level on the nearby COMEX futures contract. Copper started the year with a move to a new low at $2.5430 per pound on January 3 but has been moving higher since that bottom.
The price of the red metal rose to a high at $3.3220 in late 2017. After an attempt at a new high last June, the price only made it up to $3.3155 when it turned south under the weight of a