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Copper ticks higher on Chile supply worries and hopes for Iran war deal

From zawya.com

Copper prices edged higher on Wednesday ​on hopes that ⁠the Iran war was nearing an end and after top producer Chile cut its production outlook. Benchmark three-month copper on the London Metal Exchange was up 0.4% ​to $13,470 a metric ton by 0935 GMT after touching its weakest since May 8 at $13,350. LME ​copper has ​slipped from its highest in more than three months at $14,196.50 a week ago, driven down by profit-taking, a strong dollar and worries over ⁠demand in top metals consumer China. "The small gains we're seeing today are primarily a reaction to the wider market, where we're seeing some risk-on coming ... (full story)

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  • Category: Fundamental Analysis