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Copper surges towards record after strike at Chilean mine
Copper prices surged towards record highs on Monday as concerns about supplies intensified following a strike at a Chilean mine, forecasts for deficits and low stocks in London Metal Exchange approved warehouses. Benchmark copper on the London Metal Exchange was up 2.8% at $12,823 a metric ton at 1042 GMT from an earlier high at $12,905.5. Prices of the metal used in power and construction hit a record $12,960 a ton last week. Traders said a strike at Capstone Copper's Mantoverde copper and gold mine in northern Chile had reinforced the theme of shortages. The Mantoverde mine is expected to produce between ... (full story)
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- Jan 5, 2026 7:16am Posted byFundamental Analysis280
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