{
  "id": 14450972,
  "title": "Copper edges to 3-week high as supply concerns mount",
  "url": "https://urgent.news/2026/10/14/copper-edges-to-3-week-high-as-supply-concerns-mount",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-14T12:45:55.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40444198/copper-edges-to-3-week-high-as-supply-concerns-mount"
  },
  "original_language": "en",
  "account": "Copper surged to a three-week high on Wednesday due to growing supply concerns in Chile, the world's primary producer. The benchmark three-month copper on the London Metal Exchange increased by 0.4% to $14,630 per metric ton. This marked the highest price since September 23 and was close to the record peak of $14,875 reached last month. Chile's Centinela copper mine, along with two unions involved in a work stoppage, returned to negotiations on Tuesday to settle a week-long disruption impacting operations. Meanwhile, state miner Codelco partially halted activities at its El Teniente mine following a fatal landslide. BHP’s Escondida copper mine, the world's largest, had its supervisor's union and company representatives seemingly reached a preliminary agreement, adding to price support. Analyst Natalie Scott-Gray of StoneX mentioned that copper supply risks were shifting positively, particularly considering the El Nino phenomenon's potential impact on mine production. Investor bets on the metal were also contributing to the elevated prices. While traders await the release of the US consumer price index for September, which may provide insights into future Federal Reserve policy, money markets show a 20% chance of a rate hike this month. A rate increase would typically pressure industrial metal prices. Aluminium declined 0.9% to $3,013, after hitting an eight-month low of $3,009, as Citi reduced its near-term aluminum price forecast to $3,000, citing a loosening market balance. Zinc rose 0.4% to $3,747, lead increased by 0.1% to $1,904, nickel climbed 0.5% to $15,670, and tin slipped 1.7% to $50,900, after reaching its lowest level since July 1.",
  "summary": "Copper climbed to its highest in three weeks on Wednesday, aided by supply concerns in top producer Chile, as investors awaited the release of US inflation data. Benchmark three-month copper on the London Metal Exchange rose 0.4% to $14,630 a metric ton in official open-outcry trading. It earlier rose to $14,695, its highest since September 23 and not far from the all-time peak of $14,875 struck…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}