Copper may hit $11,700/MT on supply concerns
The price of copper metal is expected to soar to $11,700 per metric tonne as structural demand growth of the metal meets a constrained supply, according to a report on Friday. Copper slips 0.32% after 5% surge on Grasberg mine mudflow. MCX copper Sept hits ₹950; LME at $10,300/MT on Grasberg output loss.