Copper prices hit a two-year high on evidence that China’s economic recovery motored ahead in August, extending a recent rally for the industrial metal. Three-month copper forwards on the London Metal Exchange, the benchmark in international metal markets, jumped 2.3% to $6,830 a metric ton in morning trading before slipping back. That was their highest level since June 2018. Nickel, zinc, lead and other industrial metals also advanced.

Source: Wall Street Journal September 01, 2020 11:15 UTC