Three-month copper on LME advances 1.6% to $6,332 a tonne

Supply concerns from top producer Chile and a Chinese equities bull run sent Shanghai copper to its highest level in more than 16 months on Thursday, while prices in London hit a near six-month peak.

The most-traded August copper contract on the Shanghai Futures Exchange rose as much as 2.3% to 50,800 yuan ($7,270.75) a tonne, its highest since March 4, 2019, before closing at 50,700 yuan a tonne, up 2.1%.

Three-month copper on the London Metal Exchange (LME) advanced as much as 1.6% to $6,332 a tonne, a level unseen since Jan. 16.

Metal Tiger Plc (LON:MTR) is a London Stock Exchange AIM-listed investing company primarily focused on undervalued natural resource opportunities.

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