Copper futures settled lower on Friday despite rising supply concerns amid strong demand outlook for the red metal after the key mine in Peru Las Bambas was forced to halt the operations from today onwards after it failed to reach an agreement with local Peruvians who blocked the mine’s transport road. Las Bambas is considered the world’s ninth-largest copper mine and Peru’s fourth, with an output of about 400,000 tonnes of the industrial metal per year.
Copper futures for March delivery fell $0.0095 to settle at $4.2950 a pound on the Comex metals division of New York Mercantile Exchange. Copper on the London Metal Exchange was down 0.74 percent at $9,437.50 a ton.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: