The value of copper rose on Tuesday, making metal press works and sheet metal works with copper slightly more valuable and expensive in the process.

The rise comes as a result of concerns about supply as the metal becomes more difficult to obtain and the euro trimmed losses as risk sentiment rose.

The benchmark cost for copper on the London Metal Exchange closed at $8,360 per tonne on Tuesday, in comparison to $8,220 per tonne on Monday. It had previously peaked earlier on the Tuesday at $8,408

Societe Generale analyst David Wilson commented “The euro trimming losses is clearly an issue. For copper, everyone is focusing on the supply issue for next year and expected deficit. Out of all the metals, fundamentally copper still looks
best placed to see more upside.”