Copper Rises Above $10,000 as Traders Weigh Supply, Economy

Copper rose above $10,000 a ton on the London Metal Exchange, with traders weighing supply risks in Indonesia and signs that deflationary pressures are easing in China’s industrial economy.

Prices for the bellwether industrial metal climbed after having traded in a narrow range earlier this week. Freeport McMoRan Inc announced that it has suspended operations at its massive mine in Indonesia’s Grasberg minerals district after an incident left some workers trapped. Seven workers who could not evacuate are believed to be safe, and crews are clearing paths to them, it said.