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Copper rebounds on Chile supply worries

From brecorder.com

Copper prices rebounded on Wednesday on hopes that the Iran war was nearing an end and after top producer Chile cut its production outlook, while nickel extended gains on concern about the Indonesian supply outlook. Benchmark three-month copper on the London Metal Exchange was up 1.7percent at USD13,637 a metric ton by 1600 GMT after touching its weakest since May 8 at USD13,350. LME copper has slipped from its highest in more than three months at USD14,196.50 a week ago, driven down by profit-taking, a strong dollar and worries over demand in top metals consumer China. US Comex copper futures climbed 1.9percent to ... (full story)

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  • Category: Fundamental Analysis