{"id":44491,"date":"2021-04-16T01:45:48","date_gmt":"2021-04-15T21:45:48","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=44491"},"modified":"2021-04-16T01:45:50","modified_gmt":"2021-04-15T21:45:50","slug":"copper-surges-after-being-called-the-new-oil","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/copper-surges-after-being-called-the-new-oil\/04\/16\/market-updates\/","title":{"rendered":"Copper Surges after Being Called the New Oil"},"content":{"rendered":"\n<p>Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal.<\/p>\n\n\n\n<p>Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its highest closing level since March 2.<\/p>\n\n\n\n<p>Yesterday, Goldman Sachs raised its expectations for copper prices, expecting an average of $11,000 per metric ton during the upcoming 12 months, calling the red metal \u201cthe new oil\u201d<\/p>\n\n\n\n<p>Increased demand for copper is expected amid a shift towards clean energy sources around the globe,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Copper prices surged on Thursday to their highest level in about a month and a half, amid positive economic data prompting expectations for higher demand, amid concerns about limited supplies of the red metal. Copper futures for May delivery rose by 2.2% to settle at $4.22 a pound, reaching its highest closing level since March &hellip;<\/p>\n","protected":false},"author":10,"featured_media":44492,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[6931],"class_list":["post-44491","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates","tag-copper"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=44491"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44491\/revisions"}],"predecessor-version":[{"id":44493,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/44491\/revisions\/44493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/44492"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=44491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=44491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=44491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}