Comex copper prices surged to their highest values since early August on Friday September 21 amid signs of a sustained global deficit and improved outlook for market fundamentals.
Copper prices for December settlement on the Comex division of the New York Mercantile Exchange jumped by 9.05 cents per lb or 3.3% to $2.8305 per lb. Earlier in intraday trading, the contract surged to $2.83 per lb, the highest point since August 9.According to the September report from the International Copper Study Group (ICSG), the global refined copper market showed a 45,000-tonne deficit...