Copper prices hit their highest in almost two years on Friday while other base metals delivered strong growth as investment funds continued a buying spree driven by supply concerns. Three-month copper on the London Metal Exchange (LME) rose 1% to $9,834 a metric ton by 0953 GMT after touching $9,843 for its highest since April 29, 2022. The metal used in power and construction is up 16% over the past two months. “The major themes remain the same. April has seen broad money inflows into the commodity space,” said Alastair Munro, senior base metals strategist at broker Marex. A Citi note said the bank’s base case ... (full story)