Canadian copper producer Capstone Copper announced that a strike began at its Mantoverde copper-gold mine in Chile on January 2, with approximately half of the workforce participating. The mine is 70% owned by Capstone and 30% by Mitsubishi Materials, with projected copper production of 29,000–32,000 tons in 2025. During the strike, output is expected to drop to 30% of normal levels, potentially further tightening global copper supply. Copper prices have already surged by 42% in 2025, and this incident may exert upward pressure on copper prices in early 2026. PriceSeek analysis on copper, long-short score: 1.5. The strike at Capstone Copper's Mantoverde copper-gold mine in Chile has reduced production to 30% of normal levels, with an estimated reduction of 29,000–32,000 tons in 2025, significantly tightening global copper supply. Copper prices have already surged by 42% in 2025, and the combination of supply disruptions and potential demand growth is expected to exert upward pressure on spot prices in early 2026. This event represents a significant positive factor, with a score of +1.5 reflecting the potential for short-term supply shocks to drive prices higher.
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