HANOI- Copper prices rose on Thursday, rebounding from two sessions of losses, as supply threat in the Americas lent prices some support despite weak demand in top consumer China.
Three-month copper on the London Metal Exchange rose 0.2 percent to $10,165 a ton while the most-traded July copper contract on the Shanghai Futures Exchange fell 1.1 percent to 73,190 yuan ($11,462.98) a ton.
Miner BHP has been facing labor strikes at its Escondica and Spence mines in Chile, while a landslip at miner Rio Tinto’s US Bingham Canyon copper mine disrupted operations. Vale, meanwhile, has said it will suspend operations at its Sudbury, Canada copper-nickel mine. – Reuters