(Recasts and updates prices)
By Brijesh Patel
Oct 8 (Reuters) - Copper prices traded slightly higher
after early losses on Wednesday, as concerns over supply
disruptions offset the pressure from a rising U.S. dollar.
Three-month copper on the London Metal Exchange was
up 0.1% at $10,768 per metric ton by 0713 GMT.
The dollar index extended gains to a third session,
touching a more-than one-month high against its rivals. A firmer
dollar makes greenback-denominated assets, like copper, more
expensive for holders of other currencies.
Operations at Indonesia's Grasberg mine, the world's
second-largest copper mine accounting for 3% of global
concentrate production, have been halted for nearly a month
after a mud-flow disaster killed seven workers.
The suspension at Grasberg, coupled with disruptions at the
Kamoa-Kakula mine in the Democratic Republic of Congo due to an
earthquake, and the El Teniente mine in Chile after an accident
in July, suggest supply concerns are likely to persist this
year.
"The recent supply-side disruptions remain a supportive
factor for copper prices," analysts at ANZ said.
Grasberg's operator, Freeport, didn't say when
operations would be back to normal. This, along with disruptions
in Chile, are helping copper, ANZ said.
Chile's output fell 9.9% year-on-year in August after the
accident at Codelco's flagship mine on July 31.
Chile, the world's largest copper producer, exported $4.39
billion worth of the metal in September, down 2.03%
year-on-year, its central bank said on Tuesday.
Among other London metals, aluminium was steady at
$2,740 a ton, nickel fell 0.4% to $15,425, lead
lost 0.3% to $2,004.5, zinc slipped 0.4% to $3,033, and
tin was down 0.1% at $36,455.
Chinese markets are closed from October 1 to 8 for the
Golden Week holiday.
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