Base metals prices on the London Metal Exchange fell across the board during morning trading on Monday March 19, with copper the worst affected.
The three-month copper price is down $75 this morning and sits just above the $6,800 per tonne support barrier. The metal has come under pressure after supply concerns eased. "Base metals were largely weaker, led by copper, where concerns over supply disruptions eased. Workers at the Los Pelambres copper mine in Chile are expecting to receive a new wage offer in the coming days," ANZ Research said. "This comes amid reports that both management and the union have come closer in recent...