empty
 
 

2026.10.1404:15:38UTC+00Copper Extends Gains on Mounting Supply Disruptions

Copper futures climbed above $6.70 per pound on Wednesday, nearing record highs as labor unrest and severe weather disrupted mining operations in Chile, the world’s largest copper producer. Workers at BHP Group’s giant Escondida mine are poised to strike after union leaders said wage talks broke down ahead of the midnight deadline. In parallel, two unions at Antofagasta Plc’s Centinela mine have also initiated strike action.

Separately, two workers were killed on Sunday when an avalanche hit Codelco’s major El Teniente mine, where open-pit operations had already been halted due to adverse weather conditions. On the demand side, increasing orders for data centers, semiconductor manufacturing, and battery storage systems—driven by artificial intelligence applications and electric vehicles across Asia—continued to strengthen the outlook for copper.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback