LONDON, March 7 — Aluminium and copper prices struck record highs today on supply fears linked to Russia’s invasion of Ukraine.
Aluminium reached US$4,026.50 (RM16,827), the first time the lightweight metal had breached US$4,000 per tonne. Copper’s new record stood at US$10,845 per tonne.
Commodities have been red hot since Russia’s assault on its neighbour, with gold on Monday back above US$2,000 an ounce thanks to the metal’s status as a haven investment.
Also on Monday, nickel prices rocketed by more than 25 per cent and oil prices soared close to US$140 a barrel, reaching the highest levels in nearly 14 years. — AFP