Copper Prices Soar on Chilean Supply Disruptions

Copper prices have surged to near-record highs due to supply disruptions at major mines in Chile's Atacama region. The London Metal Exchange (LME) has seen a build in copper inventories, which may temper further price gains.

The current price of copper is $6.6133, up 0.92% from the previous day. Traders are watching key support levels, with $6.495 identified as a crucial point to hold above.

A recent analysis suggests that over the next two to three days, copper prices are expected to move within a volatility band of $6.5155 to $6.7375 relative to current levels.