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Global Markets: Copper at record highs

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Published: 1 day ago

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.

  • The takeover of Greenland by the United States would amount to the end of the NATO military alliance, said Danish Prime Minister Mette Frederiksen on Monday. U.S. President Donald Trump renewed calls to take over the Danish territory following the military actions in Venezuela over the weekend. Senior Trump advisor Stephen Miller told CNN in an interview that the U.S. had the right to take Greenland, noting that “nobody is going to fight the United States militarily over the future of Greenland.”
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  • Copper prices were at record highs Tuesday morning, moving above US$13,000 a tonne on the London Metal Exchange for the first time ever. Ideas that the United States may impose tariffs on refined metals have led U.S. buyers to hoard supplies while leaving the rest of the world scrambling to secure their own copper inventories.
  • Chrystia Freeland will leave Parliament and take on a new role advising Ukrainian President Volodymyr Zelenskyy, the longtime Liberal member of Parliament and former deputy prime minister announced Monday. Freeland has Ukrainian ancestry and is a vocal supporter of the country. She was appointed as Canada’s special representative for the reconstruction of Ukraine by Prime Minister Mark Carney in September 2025.

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Glacier FarmMedia, a division of Glacier Media, is Canada's largest publisher of agricultural news in print and online.

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