Copper prices jumps to highest since February 2013 on hopes US economic stimulus will further boost demand for metal already in short supply amid an Asian factory and construction boom.
With rising commodity prices and a drop in production costs setting the stage for blowout profits, copper producers are poised for their best year in over a decade.
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Companies will supply copper concentrate at treatment and refining charges of $59.50 per tonne and 5.95 cents per lb in 2021, signing up at the benchmark rate miners have now managed to lower for six years in a row.