Aluminium, copper prices reach record highs amid Russia's brutal invasion of Ukraine
Aluminium, copper prices reach record highs amid Russia's brutal invasion of Ukraine
Aluminium reached $4,026.50 on Monday, the first time the lightweight metal had breached $4,000 per tonne.
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Aluminium and copper both hit record-high prices on Monday [Fairfax Media/Getty-archive]
Aluminium and copper prices struck record highs Monday on supply fears linked to Russia's brutal invasion of Ukraine.
Aluminium reached $4,026.50, the first time the lightweight metal had breached $4,000 per tonne. Copper's new record stood at $10,845 per tonne.
Commodities have been red hot since Russia's assault on its neighbour, with gold on Monday back above $2,000 an ounce thanks to the metal's status as a haven investment.
Also on Monday, nickel prices rocketed by more than 25 percent and oil prices soared close to $140 a barrel, reaching the highest levels in nearly 14 years.