reached its highest level in 10 days.

Copper futures on the London Metal Exchange rose 1.2% in three months.

Three-month copper futures on the London Metal Exchange (LME) reached $9,088 per ton early in the day, breaking through both the 200-day and 21-day moving averages. The price traded up 1.2% at $9,083.

Senior base metals strategist Alastair Munro said: "Returns to copper and aluminum are significantly lower." Copper surged to an all-time high in late May driven by speculation, but many funds have since pulled back and shifted to gold and oil instead of metals, he said.

Trading volume for copper so far this week is 58,714 lots, compared to 180,788 lots in the week ending May 17.

A key focus is also the potential for supply disruptions in Chile. Union workers at Escondida, the world's largest copper mine, have rejected operator BHP's request to halt the strike. BHP has yet to release any estimates of the impact on production.

Munro said it would take time for the market to account for any potential significant reduction in physical supply due to the strike.

LME aluminum rose 0.8% to $2,347 per ton, lead increased 2% to $2,049, zinc gained 1.6% to $2,758.5, tin advanced 0.6% to $31,620, and nickel rose 0.8% to $16,400.

Source: https://kinhtedothi.vn/gia-kim-loai-dong-ngay-16-8-dat-muc-cao-nhat-trong-10-ngay.html