London copper edged higher on Monday after MMG Ltd’s decision to shut down production at Peru’s Las Bambas copper mine exacerbated supply concerns in an already tight market, although gains were capped by a firmer dollar.
Three-month copper on the LME rose 0.6% to $9470.5 a tonne, as of 0230 GMT, while the most-traded January copper contract on the Shanghai Futures Exchange edged 0.3% higher to 69,400 yuan ($10,897.56) a tonne.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.