Copper Prices Jump More Than 10% After Election But Underlying Causes Unclear Photo: Encore Wire

Copper Prices Jump More Than 10% After Election But Underlying Causes Unclear

Copper prices rose by more than 10% last week, regaining price levels metals investors haven’t seen since July 2015. The red metal had been lagging behind growth in other metals prices through most of this year, then jumped by more than it has since 2011.

After seeing $2.08 per pound in late October, copper prices began a gradual rise and then really took off Nov. 8, the day of the U.S. general elections, hitting $2.55 at the end of last week before settling in to hover around

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