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Copper Prices Rise Amid Mine Strike Threat
Copper prices on the London Metal Exchange rose significantly, reaching a level of $14,700 per ton, due to a looming threat of a strike at the world's largest copper mine, the Escondida mine in Chile. This comes amid concerns about the impact of the strike on metal supplies, along with market assessments of the expected path of U.S. interest rates, as traders await inflation data that could accelerate monetary policy adjustments.
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