Mining unrest in Chile lifts Copper to record high

COMEX Copper broke above $6 per pound while LME Copper scaled up above $13000 per tonne to hit record highs amid mining worries. A strike that began on January 2 at the Mantoverde copper mine in Chile is putting pressure on Capstone Copper. Around 96% of the members of Mantoverde Union No. 2, approved the strike to demand wage adjustments and variable bonuses.

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