Copper prices approach record high due to a series of accidents at major mines around the world
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Global copper prices are once again approaching a record high of $11,000 per tonne amid concerns about supply cuts. About writes Bloomberg.

On Friday, October 24, three-month copper futures rose by more than 1% to $10,970 per ton on the London Metal Exchange. This is almost equal to the high recorded last year.

The rise in prices is due to a series of accidents at major copper mines around the world. In particular, Freeport-McMoRan has temporarily suspended operations at one of the world's largest copper mines, Grasberg, in Indonesia, following a landslide.

Copper has risen by about 25% this year, recovering from a sharp drop in April caused by a new round of trade tensions between the US and China.

Other metals are also showing growth: aluminum rose to $2883.5 per tonne, the highest level since May 2022, while zinc and tin prices also rose.