The copper price rose on Tuesday on concerns about an expected strike in top producer Chile.
Copper for delivery in July rose 1.1% from Monday’s settlement, touching $4.08 per pound ($9,484 per tonne) Tuesday morning on the Comex market in New York.
Workers at Chile’s state-owned Codelco will start a nationwide strike on Wednesday to protest the government’s and the company’s decision to close a troubled smelter, a union official said.
KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focussed on gold and copper deposits, primarily in the highly prospective Arabian-Nubian Shield.