Copper Surges to Two-Year High With Risks to Supplies Widening
- Lundin plans to suspend operations at a mine in Chile
- Copper group sees mine output dropping for a second year
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Copper surged to its highest price in more than two years in London, helped by a rally in the yuan and concerns over risks of widening supply disruptions.
Lundin Mining Corp. planned to suspend operations at a mine in Chile with a second union striking after failing to reach a wage accord. They join members of another union who downed tools Oct. 8. China’s yuan surged to the highest since July 2018, boosting the buying power of commodities consumers in the country.