Gold Silver Reports — MCX Copper slipped today following resumption of operations at a key global mine. The strike at Chiles Escondida, the worlds largest copper mine, is ending after workers decided to invoke a rarely used legal provision that allows them to extend their old contract, the union said on Thursday. The strike halted operations for more than 40 days.
The Escondida mine supplies nearly 5-6% of global Copper mining output. COMEX Copper is lower as a result but supportive equities are capping the losses. The metal is down 0.06% at $2.643 per pound right now. MCX Copper futures are also down 0.23% at Rs 382.95 per kg — Neal Bhai Reports
