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BSCN· 2026-05-12 18:45
THE METAL NOBODY'S WATCHING JUST HIT AN ALL-TIME HIGHCopper closed at a record $6.4605 per pound Monday, rising over 2% to an intraday high of $6.509. The metal is up more than 13% on the year while every headline stays glued to oil and gold.CFTC data from April 18 showed speculative copper longs surging from 40,200 to 55,100 contracts, with positioning continuing to build. The copper-oil ratio shows the market betting industrial demand outlasts the Iran war premium.Copper is pricing in AI data centers, gri ...