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Copper rallies on mine supply fears, China's return from holiday
SINGAPORE: Copper prices gained on Thursday, supported by expectations of Chinese restocking after the National Day holiday and concerns about supply from key mines. Benchmark three-month copper on the London Metal Exchange was up 0.96% at $14,614.5 a metric ton by 0300 GMT. Earlier, it touched $14,646.5 a ton, its highest in nearly two weeks. The most-traded copper contract on the Shanghai Futures Exchange rose 1.41% to 111,120 yuan ($16,577.40) a ton. The rally was driven by expectations that Chinese buyers could restock following the week-long holiday amid low stocks and mounting supply ris...
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