Copper prices jumped Wednesday to their highest in seven months in London and hit a nearly two-year peak in China, as Chinese smelters, which process half the world's mined copper, agreed on a joint production cut.

China's top copper smelters reached a deal to cut production at some loss-making plants, driven by a drop in income due to a tightness in ore supply caused by mine disruptions and a surge in global smelting capacity.

see & read more on
https://www.msn.com/en-us/money/markets/copper-prices-pop-as-china-s-top-smelters-agree-to-production-cut/ar-BB1jP05J