Key Facts

Copper futures firmed modestly with the CPER fund settling at 38.35 $, up 0.29% day-on-day.

Big listed copper miners lagged the metal as Southern Copper closed at 179.29 $, down 1.61% on the day.

US-focused Freeport-McMoRan also softened ending the latest session at 62.60 $, a 1.42% fall versus the previous close.

Chile remains the world’s leading copper producer providing the anchor for global supply and making its policy and labor climate central to price expectations.