Goldman Sachs predicts "structural bull market" for commodities similar to 2000s as rising demand, green energy investment combine with chronic undersupply.

Benchmark Mineral Intelligence says that positive sentiment around battery demand for cobalt chemicals is outweighing the bearish sentiment around metal demand from traditional markets.

On the Comex market, copper for delivery in December gained 2.85% to $3.4040 a pound ($7,488 a tonne) by mid-afternoon in New York.