Aluminium, copper prices hit records

MG News | March 07, 2022 at 02:32 PM GMT+05:00

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March 07, 2022: Aluminium and copper prices struck record highs Monday on supply fears linked to Russia's invasion of Ukraine.

Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne. Copper's new record stood at $10,845 per tonne.

Commodities have been red hot since Russia's assault on its neighbour, with gold on Monday back above $2,000 an ounce thanks to the metal's status as a haven investment.

Also on Monday, nickel prices rocketed by more than 25 percent and oil prices soared close to $140 a barrel, reaching the highest levels in nearly 14 years.

AFP/APP

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KSE30	41,468.09 40.78M	0.23% 94.41
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Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,615.00	118,635.00 117,255.00	1875.00 1.61%
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