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METALS-Copper hovers near record high on supply worry in Chile


By Reuters Staff
2 Min Read
HANOI, May 12 (Reuters) - Copper prices rose on Wednesday, as supply worries in Chile supported prices to stay near their record high levels touched earlier this week.
Three-month copper on the London Metal Exchange rose 0.5% to $10,513 a tonne by 0136 GMT, hovering near an all-time high of $10,747.50 a tonne hit on Monday.
The most-traded June copper contract on the Shanghai Futures Exchange advanced 0.6% to 76,300 yuan ($11,865.51) a tonne, also near its record 78,270 yuan a tonne.
Workers’ strike threats at BHP Group’s Escondida and Spence copper mines loomed after contract negotiations stalled, putting further pressure on an already tight copper concentrate market. ....

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