Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Indian markets hit record highs after exit polls predicted a landslide election victory for Prime Minister Narendra Modi, whose third term promises investors a resumption of his infrastructure-led economic drive and market-friendly reforms. A series … Read more
A wave of speculation by traders in futures markets has pushed the prices of metals such as copper and gold to record highs, as funds bet on coming supply shortages and try to hedge against inflation. Copper has risen 30 percent since early March and this week broke through $11,000 per tonne, its highest level … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. US copper prices have risen to a record premium to the global benchmark in London, as speculative funds pile up and traders are forced to hedge short bets on the world’s most important industrial metal. … Read more