Copper futures crossed $3.3 per pound
Copper futures crossed $3.3 per pound for the first time since February 2014, supported by optimism surrounding a coronavirus vaccine, growing demand from top consumer China and a decline in Chile's production. The industrial sector in China, the world’s top consumer of industrial metals, grew more than expected in October and in line with September’s 9-month high. Also, recent figures from Chile showed that copper production fell 0.8% from a year earlier in September, the fourth consecutive decline. Copper is up about 2.6% in the third week of November.