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Below is quote on Copper By Mr. Yash Sawant, Research Associate, Angel Broking Ltd

Supply worries for industrial metals

Supply worries for Copper persist despite the tentative deal between the operator BHP and the workers union at the Escondida mine situated in Chile earlier this week, as labourers at two Chilean mines go on strike.

The recent deal between the workers and BHP following government mediation took some pressure of the tight Copper market. However, the workers union at JX Nippon Copper's Caserones mine and Andina copper mine (operated by state-owned Codelco) walking of the job during the week continued to hint towards supply disruption risks.

Along with Copper, Aluminium and Nickel supply chain is also disturbed following the prodcution uncertainties arising from major producing nations like Chile and China which might continue to support industrial metal prices.

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