Copper surges toward $10,000 as bulls swarm in to profits on global rebound

Producers worry that plans to boost mining royalties could stifle investment and make the country less competitive

Copper’s stunning rally toward all-time highs above $10,000 is accelerating, with bulls swarming in to profit as stimulus measures, vaccine rollouts and climate pledges fuel a global recovery from the pandemic.
 
Copper on Tuesday extended gains to the highest in a decade as global growth underpinned a rally in metals markets ranging from aluminum to iron ore. Commodities are advancing toward the highs of the last supercycle, when prices spiked in the early 2000s with a jump in Chinese orders.
 
With copper demand set to soar once more, there are mounting concerns that producers will struggle to plug