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Copper rises on supply risks, demand optimism
Copper prices drifted higher on Monday as ongoing supply risks and optimism over demand lent support to the market. Benchmark three-month copper on the London Metal Exchange edged 0.3% higher to $14,585.00 a metric ton by 0704 GMT, after registering a weekly gain on Friday. The most-traded copper contract on the Shanghai Futures Exchange was up 0.9% to 110,630 yuan a ton. Chilean state miner Codelco partially suspended operations at its El Teniente mine on Sunday after a landslide left two workers dead while one survived, according to SERNAGEOMIN, the South American country’s mining regulator....
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