Global copper mine production is set to expand by 7.8% y-o-y in 2021 as a result of multiple new projects coming online, says Fitch.

Aluminum rose as much as 2.8% to $3,049 on the London Metal Exchange Monday, the highest since July 2008.

Bank of America said $20,000 could be possible if major supply-side issues arose simultaneously.

Codelco offered to supply copper to European customers at a $128 premium over futures next year.

The London-listed miner said 50,000 tonnes of production could be at risk next year because of a severe drought that has hobbled its operations.

LME Week resumes amid continued covid risk.

Mirtha Vasquez, a former head of Congress, is the second person to become prime minister under president Pedro Castillo, who has been in the job just two months.

Zurich-based Credit Suisse had previously disclosed some $2.3 billion worth of loans exposed to financial and litigation uncertainties within Greensill-linked supply chain finance funds, with some $1.2 billion of its assets related to GFG.