London copper prices rebounded from two straight weeks of losses on Monday, helped by tight inventories of refined metal and grim outlook of mined supply.
Three-month copper on the London Metal Exchange rose 0.1% to $9,503 a tonne by 0710 GMT, having lost a combined 7.6% in the previous two weeks.
On-warrant LME copper inventories edged up slightly to 31,745 tonnes, but were still hovering near their lowest since 1998 of 14,150 tonnes hit on Oct. 14, with cash premium over the three-month contract last at $312.50 a tonne, indicating tight nearby supplies.
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