SINGAPORE: The price of copper stormed to a record high yesterday, a day after the red metal surged 3% on relentless fund buying, heading a step closer towards uncharted territory of above US$6,000 a tonne.
Dwindling global inventories, strong demand from China and concerns over tight supply also have whetted the appetite of funds for other metals, with zinc also setting an all-time high yesterday and nickel jumping to near 18-month high.
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