Copper prices rise as Mantoverde mine strike disrupts output
after close1 source ↓written by the desknot a recommendation
- prices increased
- 0.84%
- due to significant
- ₹1,283.8
- YoY and Escondida
- 3%
- and Escondida
- 12.8%
Copper prices increased by 0.84% to ₹1,283.8 due to significant supply disruptions from a labor strike at Capstone Copper’s Mantoverde mine in Chile. The strike has halted operations at the desalination plant, threatening total output cessation. Broader concerns arise as Codelco and BHP report notable declines in production, with Chile’s output down 3% YoY and Escondida down 12.8%.
Not investment advice. For informational purposes only.