Copper Market News Directory

Peru Government Rules Antamina Strike Illegal

A ten day strike at Peru's Antamina Copper Mine - jointly owned by BHP Billiton (NYSE:BHP,ASX:BHP,LSE:BLT) (33.75 percent), Glencore Xstrata (LSE:GLEN) (33.75 percent), Teck Resources (TSX:TCK.B,NYSE:TCK) (22.5 percent) and Mitsubishi (TSE:8058) (10 percent) - has been ruled illegal by Peru's government, according to Reuters.

Copper Falls on Oversupply Worries

Copper for delivery in three months on the London Metal Exchange fell 1.5 percent to $6,622.75 per tonne, according to Reuters, having hit a six-week high last week.

Doubts Being Raised About a Near Term Copper Surplus

Some analysts and market watchers have been calling for a copper surplus for 2014 and into 2015, but some are raising doubts. In an article for Reuters, Andy Home suggests, "this isn't going to be a year of copper supply surplus at all."

Copper Dips on LME, Rises on Comex

The copper price on the London Metal Exchange declined Wednesday thanks to gains from the U.S. dollar following the release of U.S. durable goods figures, according to Metalbulletin.com.