Copper extends gains to new record as supply concerns mount
Copper prices extended gains in Asia to hit a new record on mounting concerns over weakening supply, even as demand is lifted higher. Chile’s shipments have been a key drag as winter storms sink output.
Copper prices extended gains in Asia on Tuesday to a new record as concerns mounted over weakening supply, even as demand was driven higher. Chile, the world’s largest copper producer, has been a key drag on supply, with shipments sinking in recent months as winter storms continued to affect output.