Copper prices rise as Chile mine workers strike
after close1 source ↓machine-written, see hownot a recommendation
- to ₹1
- 0.42%
- YoY in August
- 12.8%
- since June
- 36%
Copper prices increased by 0.42% to ₹1,419.45 amid rising supply concerns following a breakdown in wage negotiations at Chile’s Centinela mine. Workers are set to strike, while output from Chile fell 12.8% YoY in August, contributing to tightening inventories. LME stocks have dropped 36% since June, signaling potential further price increases.
Not investment advice. For informational purposes only.