METALS-Copper rallies as supply risk grows in top miner Chile – ZAWYA

  • Date: 03-Jul-2020
  • Source: Zawya
  • Sector:Oil & Gas
  • Country:UAE
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METALS-Copper rallies as supply risk grows in top miner Chile – ZAWYA

METALS-Copper rallies as supply risk grows in top miner Chile | ZAWYA MENA Edition HomeMarketsCommoditiesArticleMETALS-Copper rallies as supply risk grows in top miner Chile Three-month copper on the London Metal Exchange was up 0.5%    * GRAPHIC-2020 asset returns: * BHP winds down small Chile copper mine (Updates prices, adds treatment charges)By Zandi ShabalalaLONDON, July 2 (Reuters) - Copper gained for a sixth straight session on Thursday due to supply disruptions in the world's largest producer Chile and more signs of recovery in large economies. LONDON, July 2 (Reuters) - Copper gained for a sixth straight session on Thursday due to supply disruptions in the world's largest producer Chile and more signs of recovery in large economies.Three-month copper on the London Metal Exchange was up 0.3% at $6,077.50 a tonne by 1644 GMT, after touching its highest since Jan. 22.The metal was on track for its seventh straight week of gains, which would be its longest winning streak in nearly three years."Lockdowns are easing in many economies and that should drive up demand," said WisdomTree analyst Nitesh Shah."At the same time, mines in Chile are experiencing problems in terms of COVID-19 cases."BHP Group said it would ramp down activity at