
METALS-Copper keeps pushing towards January record high, aluminium gains

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Copper prices have risen for eight consecutive sessions, reaching their highest level since January 29, driven by bullish technical signals and strong demand forecasts. The London Metal Exchange reported a 0.9% increase in benchmark three-month copper prices, while aluminium also saw gains, hitting its highest in nearly four weeks. Factors supporting copper prices include robust factory activity data and concerns over supply disruptions due to geopolitical tensions. The Yangshan copper premium indicates strong demand from China, and U.S. copper futures are trading at a significant premium over LME prices, influenced by potential import tariffs.

