Copper stocks are rocketing on the ASX after the metal’s price climbed back above $US10,000 a tonne in London as traders rushed to ship the commodity into the US ahead of potential tariffs, intensifying concerns about a supply shortage.
The rally in the copper price has accelerated over the past week, sending ASX-listed miners soaring. Sandfire Resources and Mac Copper have jumped more than 10 per cent over the past seven days and Capstone Copper has surged 18 per cent.
Loading...
Alex Gluyas is deputy markets editor and a reporter based in our Melbourne newsroom. Connect with Alex on Twitter. Email Alex at alex.gluyas@afr.com