Copper Rises to Record on Bullish Citi Outlook, Supply Concerns


The industrial metal rose as much as 1.2% to $11,581.50 a ton, surpassing a previous high set earlier this week. Copper will average $13,000 in the second quarter as metal is stockpiled in the US, creating a deficit elsewhere, according to the base scenario presented by Citi analysts in a note on Friday.



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