Copper May Rise Due to Production Shortfall

Bloomberg reported that copper may rise on hopes that its supply will fail to meet demand after Peru’s copper output dropped 7.4 percent in October.

As quoted in the market news:

Peru’s copper output fell 7.4 percent to 103,257 metric tons in October as a strike curtailed production at Freeport-McMoRan Copper & Gold Inc.’s Peruvian unit., the government said.

Click here to read the full Bloomberg report.