Tag: grasberg mine
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Copper prices slip 3% w-o-w to $10,370/t on LME after touching 16-month peak
Mine disruptions tighten supply, supporting prices Falling TC/RCs highlight global concentrate shortage The benchmark three-month copper contract on the London Metal Exchange (LME) closed at $10,370/t on 10 October 2025, registering a sharp 3% decline from 3 October, when the red metal had briefly scaled a 16-month high above $10,700/t. This correction reflects a recalibration…