Lion Copper & Gold Corp. (LCGMF)

[ComstockRoyalty]

BLOOMBERG: 2.5.17 - Copper Hits $6000 Metric Ton. $6600 in Charts

“The copper price does seem to be supported,” he said. UBS forecasts the metal to average about $6,600 a ton this year.

Three-month copper -- which has risen about 32 percent over the past 12 months -- ended at $5,991 a ton on the London Metal Exchange on Tuesday, the highest close since June 2015 as the Escondida vote was under way. On Wednesday, the metal gained as much as 0.3 percent to $6,007, before retreating to $5,969 at 2:05 p.m. in London.

The potential stoppage at Escondida coincides with an interruption to supplies from Indonesia’s Grasberg, the world’s second-biggest mine, where exports of concentrate have been halted amid a dispute between Freeport-McMoRan Inc., the world’s biggest publicly traded copper producer, and the government.
https://www.bloomberg.com/news/articles/2017-02-01/strike-looms-at-world-s-top-copper-mine-as-workers-reject-offer