Copper prices rose on Thursday as supply concerns resurfaced in Peru, the world’s second-biggest producer of the industrial metal after neighboring Chile.
Copper for delivery in December rose 2.2% from Wednesday’s settlement price, touching $4.240 per pound ($9,328 per tonne).
Stocks of the metal in Shanghai Futures Exchange warehouses were last at their lowest since June 2009, and LME on-warrant inventories slid to 90,725 tonnes, down 27% in just a week.
An indigenous community in Peru’s Espinar province that blocked a key mining road on Wednesday plans to continue the blockade indefinitely, a local leader said, in protest against the government and Glencore PLC’s Antapaccay copper mine.
Copper price rises on supply disruption worries
- by: MINING.COM Staff Writer
- October 08, 2021
- Source:
DYNAMIC WEALTH RESEARCH
- 10/27/2022
Copper Tiles by Tony Hisgett is licensed under CC BY 2.0
Copper Tiles by Tony Hisgett is licensed under CC BY 2.0
