Market analysis: Indonesian mining accidents and prospects of interest rate cuts driving copper prices up.

The price of copper is expected to rise strongly this week, as a large copper mine in Indonesia remains closed, causing concerns about supply. The LME rose by 2.5% this week, as expectations of policies boosted confidence in the entire industrial metals industry and improved demand prospects. Analysts at ANZ Bank stated, "The long-term shutdown of the world's second largest copper mine could tighten the market." At the same time, expectations of easing monetary policies in the United States have boosted confidence in the entire industrial metals industry and improved demand prospects.