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Grasberg Production Halt Hikes Prices to Two-Week High on Supply Concerns
May. 22, 2013 04:39AM PST
Base Metals Investing
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:
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.
