Copper hits new historic high, surpassing $12,900 per ton on the exchange

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The price of copper futures has reached a new high, rising by more than 6% during trading, according to data from the London Metal Exchange (LME) on December 29.

The cost of a three-month copper contract peaked at $12,955.5 per tonne. This represents a 6.78% increase compared to the previous trading day.

Since the beginning of December, the price of the metal has risen by 15%. The increase in copper prices is driven by market concerns about a potential reduction in metal supply.