Copper extends rally for sixth straight session

Copper futures continued to rise for the sixth straight day, due to Chile's supply disruption, the world's largest copper producer and further signs on the US economic recovery.

Copper is also near its seventh straight weekly gain, in the longest wining streak in 3 years.

The Mining company, BHP Group, announced cutting copper production at the Cerro Colorado mine in Chile.

The output from this mine alone in 2019 reached about 71.7K tonnes of copper, which is around 1.2% of Chile's total copper output.

This came after the Chilean government stated that it will lockdown a copper refinery after a spread of the coronavirus in it.

Copper September futures rose 0.3% to $2.74 per pound as of 13:32 GMT, after hitting a session-high of $2.76 and a low of $2.73.