Copper Rises as Chile Mine Strike Raises Supply Concerns
Copper prices edged higher Wednesday after a strike began at Antofagasta's Centinela mine in Chile, adding to supply concerns, though gains were limited by a stronger dollar and weaker risk assets. LME copper rose 0.4% to $14,475.50 a ton. Separately, supervisors at BHP's Escondida mine remain in wage talks after voting for a walkout. Analysts cited resilient Chinese demand alongside mine supply disruptions.
Source
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Desk check · compared with the source
What the desk checked (4)
- LME copper futures rose 0.4% to settle at $14,475.50 a metric ton Wednesday — Figure appears directly in source, attributed to LME settlement data.
- Two unions at Antofagasta's Centinela mine began a strike Wednesday, expected to affect output within two weeks — Attributed to the unions; Antofagasta's own statement that production projections remain unchanged is also included.
- BHP's Escondida supervisors remain in government-mediated wage talks after voting for a walkout — Stated as fact in source, no direct attribution given but consistent with reported industry context.
- Morgan Stanley analyst Amy Gower's comments on LME copper outlook — Directly quoted and attributed to named analyst.