NewsDialy
Copper futures closed at a record high of $6.71 per pound on Tuesday, driven by a combination of supply shortages and investor fears that US debt management will erode the dollar.
This "debasement trade" is simultaneously lifting prices for gold, silver, and Bitcoin.
September copper contracts on the Comex exchange settled up roughly 1.6%, marking the strongest closing price in the metal's history.
While physical supply constraints triggered the initial rally earlier in August, monetary concerns have since become the primary driver.
Keep reading