Copper plays down risk of a strike in Chilean mine

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Copper price rose during Asian session as investors were assessing risks connected to the potential strike in one of the largest Chilean mines. However, these developments were played down with the opening of the London Metal Exchange as traders added to their short positions in order to benefit from the ongoing downtrend. In turn we are observing broad declines on the industrial metals market with copper and zinc hitting its lowest levels of the year.

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