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- LME Aluminum 3M Select trades $-39.25 lower to $3212.50 at 8:55:53 AM
- LME Copper 3M Select trades $8.75 higher to $14420.50 at 8:55:53 AM
- (Bloomberg) – Copper held above $14,400 a ton in London, as workers at a major mining operation in Chile voted to strike after wage talks failed. Futures remain on track for a third monthly gain, with annual wage negotiations under way at some of the world’s biggest copper producers. Workers at Antofagasta Plc’s Centinela site overwhelmingly rejected the company’s final wage offer, raising the prospect of a walkout. BHP’s negotiations with unions at Escondida, the world’s largest copper mine, was earlier delayed due to a fatal accident. Copper climbed to a record $14,875 earlier in September, and is headed for a monthly advance of about 9%, with physical markets showing signs of tightness. Vast amounts of refined material have been stockpiled in US warehouses on expectations that the Trump administration will introduce a tariff on imports. Deutsche Bank AG has said that it sees prices surging by more than 50% to above $22,000 a ton within the next six months as buyers compete for shrinking holdings of available metal. In China, meanwhile, the Yangshan import premium — a gauge of demand — is close to the highest since 2022.
- CME HRC Steel last traded at $1235 and $-2 lower at 9/28/2026
Price Indications
Today's Charts
Metals Factor Matrix
AEGIS Factor Matrices: Most important variables affecting metals prices
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