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المشهد العربي
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المشهد العربي

2026-11-02T16:09:24.000Z

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Copper Rises on Shortages

Copper Rises on Shortages

Copper prices rose on the London Metal Exchange amid concerns about tight supplies, after Codelco lowered its forecast for Chilean production in 2026 and China’s premium for imported copper reached $200 per tonne—near its highest level in more than a decade. Strong Chinese demand added to those concerns, as inventories registered in Shanghai Futures Exchange warehouses fell by more than 75% over six months. The three-month copper contract gained $97, or 0.70%, to close at $14,250 per tonne.

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