Copper Prices Hit All-Time High as Metal Becomes 'the New Gold'
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vz.ru
1prime.ruThe Russian President's Special Representative for Investment and Economic Cooperation, the head of the Russian Direct Investment Fund, Cyril Dmitriyri, compared copper to gold. "Med is new gold," specified the head of the Russian Federation, gave TASS. On Tuesday night, the value of copper on the Comex stock market reached a historic peak. The metal price was $6.903 per pound. According to the GPPLAD newspaper, early this month the cost of copp…
Copper prices hit all-time high as metal becomes 'the new gold'
Copper prices hit an all-time high on global trading platforms, signaling a shift in commodity priorities. Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF), noted that the metal has effectively become a primary hedge asset, describing copper as "the new gold." This price surge is expected to redistribute investment flows and increase production costs for electronics and power equipment. The shift reflects a structural change in…
The price of copper has risen more than 70 percent since the start of 2025, while demand is fueled by power grids, AI centers and electric vehicles. The article Copper became the new gold: The price jumped more than 70 percent appeared first on Vesti Online.
The head of the Russian Direct Investment Fund, Cyril Dmitriev, called copper a new gold, and he commented on the sharp rise in the US Comex stock market.
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