Grasberg Production Halt Hikes Prices to Two-Week High on Supply Concerns

Reuters reported that copper rallied to a two-week high, lifted by supply concerns after the stoppage in production at Grasberg and on a soft dollar.

As quoted in the market report:

Other supply disruptions, including a landslide at Rio Tinto’s Bingham Canyon mine in Utah, the shutdown of India’s two top copper smelters and some smelters in China cutting output – also cushioned copper prices.

To view the whole Reuters report, click here.