Copper prices advanced on Tuesday, with London copper touching a four-week high, as more coronavirus-related mining disruptions in key producing countries sparked global supply concerns.
Three-month copper on the London Metal Exchange (LME) climbed as much as 3.6% to $5,200 a tonne, its highest since March 17. The contract was up 3.1% at $5,175 a tonne by 0705 GMT.
The most-traded copper contract on the Shanghai Futures Exchange (ShFE) closed up 0.1% to 41,750 yuan ($5,921.40) a tonne, its highest close since March 17.
Peru’s Antamina copper mine, controlled by BHP and Glencore, said it would halt all operations for at least two weeks to fight the coronavirus pandemic, while miner Freeport-McMoRan said it was conducting limited operations at the Cerro Verde copper mine, also in Peru.
Jubilee Metals Group (LON:JLP) is a global, diversified metal recovery company that operates world-class projects, ensuring a positive impact on the environment and its stakeholders.
