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Vaccine Breakthrough Prompts Uptick in Copper Prices

The price of copper increased last week, reaching a new record after breakthrough reports on the coronavirus vaccine from Moderna and Pfizer. The copper price for delivery (December) on the Comex market increased by 3.1% to $7,176 per ton. If copper closes at any price higher than $3.30, it would mark the highest level since January 2014.

On the London Metal Exchange, the price of this valuable metal increased to…

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