Sunday, November 8, 2026Moscow
Economy

Dmitriev called copper the new gold because of record exchange prices

Due to the growth of exchange prices for copper, this metal can be compared with gold in terms of investment attractiveness. This opinion was expressed by the head of the Russian Direct Investment Fund, special representative of the President of Russia for investment and economic cooperation Kirill Dmitriev.

Published

Due to the growth of exchange prices for copper, this metal can be compared with gold in terms of investment attractiveness. This opinion was expressed by the head of the Russian Direct Investment Fund, special representative of the President of Russia for investment and economic cooperation Kirill Dmitriev.

"Cooper is the new gold," Mr. Dmitriev wrote in X.

The price of December copper futures on the Comex exchange on September 22 reached a record high of $6.9275 per pound.

Source: Коммерсантъ ↗

Share

More on This Story

EconomyThe Ministry of Finance from October 7 will increase the purchase of currency and gold five times

The Ministry of Finance of Russia from October 7 to November 6 intends to buy foreign currency and gold under the budget rule for 279.42 billion rubles. This is five times more than the volume planned a month earlier (55.6 billion rubles).

Коммерсантъ
EconomyThe FT learned how the growing debt burden prevents China from stimulating the economy

China’s debt service will cost 19.2 percent of total government this year, according to a study by the Conference Board

Григорий Лебедев
The head of JPMorgan said that the Russian army could reach Paris if desired
EconomyThe head of JPMorgan said that the Russian army could reach Paris if desired

Dimon said that EU countries cannot afford full-fledged armies and the Russian Armed Forces could reach Paris if desired. The US should support the EU and make more deals with it to avoid fragmentation

Григорий Лебедев
The EIA Briefing

Keep reading, every morning.

The stories that matter, chosen by our editors and in your inbox before 7 a.m. — every weekday.

No spam. Unsubscribe anytime.