Copper Firms Up as Supply Disruptions Persist

2025-10-07 04:05 By Jam Kaimo Samonte 1 min. read

Copper futures held above $5 per pound on Wednesday, hovering near their highest levels in over two months as prolonged supply disruptions in Indonesia and Chile fueled persistent shortage concerns.

All workers missing after last month’s accident at Indonesia’s Grasberg mine were confirmed dead, and operator Freeport-McMoRan has indicated that full production is unlikely to resume until early 2027, cutting its 2026 sales guidance by 35%.

In Chile, copper output fell nearly 10% year-on-year in August, the steepest drop since 2023, after a late-July earthquake forced Codelco to halt mining and smelting at its El Teniente site.

Supporting prices further, expectations grew for another US Federal Reserve rate cut this month, with an additional reduction anticipated in December, boosting the broader demand outlook.



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