Copper prices have been on a real hot streak in 2024, with July-dated copper futures (HGN24) - the most active contract - soaring to a new two-year high earlier today on the heels of strong manufacturing data out of China. The industrial metal has soared 16% year-to-date, with 12.8% of that gain in the last month alone. It's outshining even the eye-catching performance of higher-brow metals like gold (GCM24) and silver (SIN24), thanks to a mix of rising industrial demand, supply snags, and a surge in eco-friendly policies.
