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Copper Rises on Chile Mine Strike
Chile mine strike boosts copper prices as supply risks grow.
In brief
Chile mine strike boosts copper prices as supply risks grow. Copper prices rose 0.4% on Wednesday due to a Chilean mine strike adding to supply concerns, while a stronger dollar limited gains. Originally reported by mint.
Copper Prices Rise
Copper edged higher as a strike at a Chilean mine added to supply concerns.
Antofagasta Mine Strike
Two unions at Antofagasta Plc’s Centinela mine began a strike Wednesday.
Production Impact
The walkout would start affecting copper output within about two weeks.
BHP Mine Talks
Supervisors at BHP Group’s Escondida mine remain in government-mediated wage talks.
Market Conditions
Copper gains were tempered by a stronger dollar and weakness across global markets.
What Happens Next
China’s reopening Thursday should provide fresh signals on demand from the world’s biggest metals consumer.
At a glance
Copper prices rose 0.4% on Wednesday due to a Chilean mine strike adding to supply concerns, while a stronger dollar limited gains.
