CHILE MINING HALTED

Copper goes as Chile goes. Chile being the largest producer of Copper in the world is its primary driver of  prices globally. Employees of Anglo American Plc, BHP Billiton Ltd and stated owned Codelco are on strike for the next 24 hours.

Having faced no trouble in the past year over copper production, the Copper mine workers are vouching for a greater job security and until then they have vowed to halt any mining activity in Chile. The strike become more conspicuous after the workers of the world's largest copper producing company- Codelco asseverated their demands.

Prices of Copper on the MCX for its April end contract surged higher by 0.57% on the 8th of April. Copper made a high of 410.15 with an open interest of 32493 lots.