Copper price rises to $11,000, approaching historical highs.

Jin10 Data, October 24 – Copper prices have once again tested $11,000 per ton, nearing the record high set last year, as a series of Mine Disasters raises concerns about supply amid generally optimistic market demand. In intraday trading in London, three-month futures rose over 1%, approaching $10,970 per ton. In other non-ferrous metals, aluminum prices have risen to a three-year high, and zinc and tin prices also saw increases on Friday. Copper prices have risen about a quarter this year, recovering from the massive dumping triggered by the Trump administration's escalation of the trade war in April. Supply-side challenges have become a focal point for investors, including the suspension of operations at Freeport-McMoRan's large mine in Grasberg, Indonesia, following a landslide. Freeport stated this week that the world's second-largest copper mine, Grasberg, remains in a state of suspension and will update investors on its outlook next month.