Copper Prices Steady Amid Supply Concerns
Copper prices steadied on Thursday as investors focused on potential shifts in supply. The metal's contracts on the London Metal Exchange rose slightly after a minor drop in the prior session.
The industrial sector in China showed weak earnings, causing copper prices to slip this week. However, traders are now gauging the outlook for supply amid concerns over production disruptions.
A strike at a site owned by Antofagasta Plc in Chile may impact copper output, while Panama's government proposed resuming output from a giant mine in the country.