Copper prices rose on concerns that supply will tighten after a court ruling cast doubt on the future of a smelter in India.
PT Freeport Indonesia’s copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations.
In LME-registered warehouses, copper stockpiles are near 13-year lows and LME time spreads have tightened rapidly, suggesting a shortage of nearby metal.
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