Aluminium, copper prices hit records

By 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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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,040.00	109,545.00 108,625.00	-175.00 -0.16%
BRENT CRUDE	70.67	70.71 69.85	0.52 0.74%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	2.05 2.15%
ROTTERDAM COAL MONTHLY	106.65	106.65 106.25	0.50 0.47%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	68.88	68.94 67.78	0.55 0.80%
SUGAR #11 WORLD	16.30	16.32 16.08	0.17 1.05%