Copper rises as virus affects Chile supply

Supply disruption in top producer Chile, solid demand in top consumer China and dwindling stockpiles kept copper prices near five-month highs on Monday. Benchmark copper on the London Metal Exchange (LME) was up 0.1 per cent at $US5,963 a tonne at 1615 GMT, close to...

Copper hits 5-month high on Chile fears

Copper prices touched a five-month peak on Friday on growing fears that output will be disrupted in top producer Chile by worsening COVID-19 infections at mines. Chile’s Codelco, the world’s biggest copper miner, suspended refinery and foundry operations...

Copper up as supply fears trump outlook

Copper prices pushed higher overnight, bucking the shift to safe-haven assets in other financial markets, as a surge in coronavirus cases fuelled worries about mine shutdowns and shortages. Unionised mine workers in Chile demanded an investigation into the death of a...

Copper choked by rising virus cases

Copper eased overnight as new coronavirus cases raised fears over a global economic recovery, offsetting upbeat data and potential supply disruptions in Chile. Three-month copper on the London Metal Exchange (LME) was down 0.5 per cent at $US5,878 a tonne by 1620 GMT...

Copper gains as Trump, data help outlook

Copper prices rose overnight after US President Donald Trump said a trade deal with China was “fully intact” and stronger-than-expected European and US data bolstered hopes of a rapid economic recovery. Benchmark copper on the London Metal Exchange was up...