Copper Prices Surge on November 10th

Copper Prices Surge: December Contract Up 6.5 Cents, January Up 8.6 CentsOn November tenth, copper prices soared across various contract months. The December twenty-five contract opened at $4.97 per pound and climbed to a high of $5.05, closing at $5.02, a gain of 6.5 cents. The January twenty-six contract saw an even larger jump of 8.6 cents. Despite a lower trading volume of 34,619 contracts compared to Fridays 61,391, the total open interest decreased by 6,393, suggesting some traders closed out positions. The positive trend indicates strong demand or anticipation of future demand for the metal.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.