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    <pubDate>Mon, 06 Apr 2026 02:57:31 +0500</pubDate>
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      <title>Copper rallies
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      <link>https://english.aaj.tv/news/30256261/</link>
      <description>&lt;p&gt;&lt;strong&gt;LONDON: Copper prices climbed on Tuesday in response to supply concerns after top producer Chile closed its borders following a spike in coronavirus infections.&lt;/strong&gt;&lt;/p&gt;

&lt;p&gt;Benchmark three-month copper on the London Metal Exchange (LME) was up 3.1% to $9,059 a tonne by 1720 GMT.&lt;/p&gt;

&lt;p&gt;Coronavirus cases in Chile surged past 1 million, while infections across Latin America, which has some of the world’s biggest copper mines, are also rising.&lt;/p&gt;

&lt;p&gt;Alastair Munro at broker Marex Spectron said news Chile had closed its borders had spurred the latest rally even though authorities said the measures should not disrupt mining.&lt;/p&gt;

&lt;p&gt;Copper and other base metal prices were also supported by data showing that activity accelerated and beat expectations in the services sector of the United States and China.&lt;/p&gt;

&lt;p&gt;Copper is used as a gauge for global economic health.&lt;/p&gt;

&lt;p&gt;Chile’s Codelco, the world’s biggest copper miner, increased production by 2.1% year-on-year in February to 122,800 tonnes, state copper commission Cochilco said.&lt;/p&gt;

&lt;p&gt;Overall, however, Chile’s February output was down 5% to 430,100 tonnes.&lt;/p&gt;

&lt;p&gt;The Yangshan copper premium was at its lowest since early December at $57 a tonne, pointing to weakening demand for imports into China. Stockpiles of the metal in exchange warehouses have been rising steadily.&lt;/p&gt;

&lt;p&gt;Tin prices rose 2.7% to $25,800 a tonne, after touching a three-week high of $26,065 on supply concerns, amid environmental checks and smelter maintenance in China and after China restricted movement in Ruili on the border with Myanmar, citing the spread of COVID-19.&lt;/p&gt;

&lt;p&gt;Myanmar in 2020 accounted for more than 95% of imports of tin concentrate into China, the world’s biggest metals consumer.&lt;/p&gt;

&lt;p&gt;LME aluminium rose 1.8% to $2,266 a tonne, zinc advanced 2.1% to $2,834, lead added 0.2% to $1,966.50, while nickel edged up 3.3% to $16,575.&lt;/p&gt;
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      <content:encoded xmlns="http://purl.org/rss/1.0/modules/content/"><![CDATA[<p><strong>LONDON: Copper prices climbed on Tuesday in response to supply concerns after top producer Chile closed its borders following a spike in coronavirus infections.</strong></p>

<p>Benchmark three-month copper on the London Metal Exchange (LME) was up 3.1% to $9,059 a tonne by 1720 GMT.</p>

<p>Coronavirus cases in Chile surged past 1 million, while infections across Latin America, which has some of the world’s biggest copper mines, are also rising.</p>

<p>Alastair Munro at broker Marex Spectron said news Chile had closed its borders had spurred the latest rally even though authorities said the measures should not disrupt mining.</p>

<p>Copper and other base metal prices were also supported by data showing that activity accelerated and beat expectations in the services sector of the United States and China.</p>

<p>Copper is used as a gauge for global economic health.</p>

<p>Chile’s Codelco, the world’s biggest copper miner, increased production by 2.1% year-on-year in February to 122,800 tonnes, state copper commission Cochilco said.</p>

<p>Overall, however, Chile’s February output was down 5% to 430,100 tonnes.</p>

<p>The Yangshan copper premium was at its lowest since early December at $57 a tonne, pointing to weakening demand for imports into China. Stockpiles of the metal in exchange warehouses have been rising steadily.</p>

<p>Tin prices rose 2.7% to $25,800 a tonne, after touching a three-week high of $26,065 on supply concerns, amid environmental checks and smelter maintenance in China and after China restricted movement in Ruili on the border with Myanmar, citing the spread of COVID-19.</p>

<p>Myanmar in 2020 accounted for more than 95% of imports of tin concentrate into China, the world’s biggest metals consumer.</p>

<p>LME aluminium rose 1.8% to $2,266 a tonne, zinc advanced 2.1% to $2,834, lead added 0.2% to $1,966.50, while nickel edged up 3.3% to $16,575.</p>
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      <pubDate>Wed, 07 Apr 2021 11:49:18 +0500</pubDate>
      <author>none@none.com (Reuters)</author>
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