The price of buyer is on its way to the biggest weekly profit since April with lack of supplies

The price of copper is to reach the biggest weekly height in five months, after the global supply crisis has escalated as a result of the series of obstacles in production. The price of buyer was the highest level during one day of trading at $ 10289.50 per tonne on the London Metal Stock Exchange, on the way to earn weekly profits by 2.7%. The effects of the “Grassburg” mining accident The traders await the effects of the deadly accident that occurred in the giant Grasburg mine of the “Fribport McMuran” in Indonesia, which led to the company’s statement of power related to the contracted stock and closing a factory of “Hudbay Minerals” this week. “The copper market has seen, and is still a witness to a disorder caused by the show this year. We expect the continuation of any obstacles to production to further improve the high price of buyer during the rest of the year, and it will continue to continue in 2026,” said Olga Savina, the BMI Primary analyst, and that and that the offer of the offer is that the copper market is, and that it is a testimony. year. Increased copper supply disorders are the mining accident and the factory stops the latest link in a series of deviations in RU offer, and shows the scope of the fragility of the market before the shocks. However, China at the same time increases the production capacity to waste buyer worldwide, and negatively affects the fees that the refinement companies can sue. Also read: The price of buyer continues with the profits with the market to absorb the disorders of the “Fribport” mine calls for the most important copper causes in China. Authorities have currently tightened control of the new production capacity, and indicated that a fierce competition has led to a decrease in the refinement fees to historical levels, which threatens the safety of the sector. The price of buyer today was not a change mentioned at the price of buyer at $ 10263.50 per ton at 10:22 p.m. Singapore time. The performance of other main minerals on the London Metal Stock Exchange, as the price of aluminum was a slight increase, while the price of nickel dropped. Meanwhile, future iron ore contracts in Singapore fell 0.8% to $ 105 a tonne, while the future priced contracts on the Dalian stock exchange fell 0.7%.