Copper prices surged towards record highs on Monday as concerns about supplies intensified following a strike at a Chilean mine, forecasts for deficits and low stocks ​in London Metal Exchange approved warehouses. Benchmark copper on the London Metal Exchange was up 2.8% ⁠at $12,823 a metric ton at 1042 GMT from an earlier high at $12,905.5. Prices of the metal ⁠used in power and construction hit a record $12,960 a ton last week. Traders said a strike at Capstone Copper's Mantoverde copper and gold mine in northern Chile ⁠had reinforced the theme of shortages. The Mantoverde mine is expected to produce between ... (full story)