Mining

Shanghai copper price registers second monthly gain on Chile supply concerns

Copper for delivery in July was down 0.2% at $4.6705 ($10,275 per tonne) on monday, on the Comex market in New York.

A strike by a union of remote operations workers hit BHP’s Escondida and Spence copper mines in Chile, with the company using replacement workers to ensure continued production.

Chile’s manufacturing output ticked up 5.9% year-on-year in April, government statistics agency INE said on Monday, while copper output dipped 1.5%, to 467,594 tonnes.

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