Copper jumps to record as growth bets supercharge commodities

(Bloomberg) -- Copper soared to an all-time high as optimism about a global rebound from the pandemic boosts commodities markets.

The metal -- an economic bellwether -- is front and center in a rally that’s driven raw materials from lumber to iron ore to multiyear highs or records. Stimulus measures and vaccine rollouts are fueling prospects for a resurgence in demand that’s set to strain supply, while copper’s crucial role in the green-energy transition is set to underpin longer-term gains.