Copper prices continue to rise after reaching record levels in the previous session.
Three-month futures quotes on the London Metal Exchange (LME) rose 0.5% to $14,349.5 per ton on Tuesday. On Wednesday, they rose 0.5% to $14,415.5 per ton.
September Comex copper futures are trading at $6.73 per pound, 0.3% higher than the August 25 closing price.
China's zijin Mining has warned that flooding at a copper plant in the Democratic Republic of Congo could reduce the company's production by 57,000 tons this year, putting additional pressure on the market.
This year, the price of copper on the LME has increased by about 16% due to a significant increase in metal supplies to the United States and a reduction in stocks in other countries.
Earlier, the Experts Club information and analytical center released a video about the global copper production and the leading producing countries – https://youtube.com/shorts/_h8iU50z8C0?si=a-XkgGEfeUxseQNa
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