The price of buyer continues with the profits with the market to absorb the disorders of the "Fribport" mine

The price of buyer continued its profits to reach the highest level in more than a year, while the price differences were narrowed on the stock exchange, as the traders continued to judge the effect of the supply loss of the giant Grassberg mine of the “FreePort-McMran” in Indonesia. The future copper contracts rose to 1.4% on the London Metal Stock Exchange, which contributed the 3.6% profit they achieved on Wednesday, when “Fribport” reduced its leading forecast on buyer and gold sales in light of five workers who lost to the company’s location in the Eastern Indonesia earlier this month. Craig Lang, Crur, Cruru International’s ambiguity, said: “It creates more ambiguity on supplies -prospects, either from the workmines or future projects. It is difficult to determine the impact of copper prices, but it is likely to add some pressure to the rise of the metal.” Prices are currently trading at a level of about 6% as the record recorded in May 2024. Fear of the lack of supplies also appears in the different term price differences on the London Stock Exchange, where December contracts are traded with a $ 69 per tonne bonus compared to the contracts ending after a year. Such bonuses – known as “backward” – are a clear indication that demand exceeds production, and may indicate that buyers of the stock exchange are withdrawn to make the shortage of supplies. Also read: Report: The high price of copper threatens the ‘green revolution’ the fragility of the global copper market. This is the latest turmoil in the sector after Hudbay Minerals announced this week that its operations have been closed in a factory in Peru due to political protests. UBS Group AG analysts have renewed their optimistic predictions to the metal, confirming in a research note that the announcement of the “Cairo Power” in Grasberg increases the size of the expected deficit for the next year. Alice Fox, a strategic expert in Macquarie Group, said the effect would be a loss of about 210,000 tonnes in the second half of this year. The buyer went 0.9% to $ 10431.5 per ton on the London Metal Stock Exchange at 10:31 p.m. London rose time to reach its profits to about 19% since the beginning of the year. What the rest of the minerals circulate on the stock exchange also rises.