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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ALLSHR	98,685.95 821.24M	2.83% 2713.21
KSE30	49,987.10 219.75M	3.14% 1522.98
KMI30	239,687.25 160.14M	3.17% 7355.26
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Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,285.00	76,320.00 73,400.00	780.00 1.06%
BRENT CRUDE	95.07	99.45 94.42	-4.29 -4.32%
RICHARDS BAY COAL MONTHLY	105.00	0.00 0.00	0.40 0.38%
ROTTERDAM COAL MONTHLY	105.90	105.90 105.90	0.40 0.38%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	92.07	98.00 91.06	-7.01 -7.08%
SUGAR #11 WORLD	13.93	13.95 13.56	0.25 1.83%