Copper Fund Slips 0.9% as Centinela Strike Begins | Copper, Oct 8
LME copper rose 0.96% to US$14,614.5 on Chinese restocking and a strike at Chile's Centinela mine, while the CPER fund slipped 0.88%. The post Copper Fund Slips 0.9% as Centinela Strike Begins | Copper, Oct 8 appeared first on The Rio Times .
Copper prices slipped by 0.9% on Thursday, October 8, as a strike at a major Chilean mine, Centinela, began and Chinese manufacturers returned from a week-long holiday. The London benchmark for copper climbed 0.96% to US$14,614.5 per tonne, while the US-based CPER fund, which tracks copper futures, dropped 0.88% to US$39.46. The Centinela mine, owned by Antofagasta, produces 240,400 tonnes of copper annually and had to grapple with a two-day walk-out by 709 workers.
Antofagasta insists its 2026 output plan remains unchanged, but the strike has raised supply concerns in the short term.
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