Copper May Climb as Strike in 5th Day at Escondida

Bloomberg reports that Copper is likely to surge on speculation a strike at Chile’s Escondida mine may reduce global supplies.

The market news is quoted as saying:

Copper stockpiles on the LME-registered warehouses fell 0.5 percent to 469,100 tons yesterday, declining for a third day after reaching 474,050 tons on July 21, the highest level since June 22.

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