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Copper up on supply woes but dollar drives worst week since April
SINGAPORE: Copper recovered from some of the previous days’ losses on Friday, supported by supply concerns, but earlier declines still set it up to notch its worst weekly fall since April. Benchmark three-month copper on the London Metal Exchange was up 0.32% at $14,289 a metric ton by 0300 GMT. That marked a decline of 2.28% since the end of last week. Official data on Wednesday showed that copper output in Chile, the world’s largest miner of the red metal, fell 12.8% year-on-year in August. Supervisors at Chile’s Escondida copper mine, the world’s largest, rejected a collective contract offe...
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