Copper rose to a more than 16-month high on Monday, supported by concerns about supply from top producer Chile and major supplier Indonesia. Three-month copper on the London Metal Exchange was up 0.7% at $10,792 per metric ton by 0147 GMT, hitting its highest May 2024 and extending gains to a fourth session. Miner Freeport said on Sunday that five workers who had been missing following a mud flow disaster at the Grasberg copper and gold mine in Indonesia were found dead. As the world’s second-largest copper mine, Grasberg accounts for 3% of global concentrate production. Analysts estimate the disruption could result ... (full story)