Commerzbank: Copper Prices Expected to End the Week Lower Amid Risk Aversion
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```htmlIn late European trading, London Metal Exchange three-month copper futures were unchanged at $13,610 per ton. Analysts at Commerzbank stated: "Copper prices have fallen by about 5% from their mid-May highs." "This may largely be due to rising oil prices, which have heightened overall risk aversion." However, market fundamentals provide support. Due to low ore grades and operational issues, Chile has lowered its copper production forecast, while the Grasberg Mine in Indonesia is recovering output more slowly than expected.```
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