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Copper edges to 3-week high as supply concerns mount
Copper climbed to its highest in three weeks on Wednesday, aided by supply concerns in top producer Chile, as investors awaited the release of US inflation data. Benchmark three-month copper on the London Metal Exchange rose 0.4% to $14,630 a metric ton in official open-outcry trading. It earlier rose to $14,695, its highest since September 23 and not far from the all-time peak of $14,875 struck last month. Chile’s Centinela copper mine and two striking unions returned to the negotiating table on Tuesday, aiming to resolve a week-long work stoppage that workers say is affecting operations, whi...
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