Copper rises in early Asian trade on tight inventories
Copper prices are higher in early Asian trading, supported by strong fundamentals and tightening inventories. ANZ analysts cite mounting supply-side issues in recent months, with Chile shipments reportedly lower.
Copper prices are higher in early Asian trading. ANZ research analysts said prices are being supported by strong fundamentals and tightening inventories, adding that ongoing supply-side issues have been mounting in recent months. Chile, the world's largest copper producer, saw shipments sink to their lowest in more than two years.