Mine strike and protests help propel copper to two-month peak
Copper prices jumped to two-month highs on Monday, boosted by protests at a mine in Panama, a strike at a mine in Peru, growing hopes of fresh stimulus in China and a falling dollar.
Traders said supply concerns come from reduced ore processing owing to protests at First Quantum Minerals' Cobre Panama mine, which sources said the company was considering putting on care and maintenance from November 23. Cobre Panama accounts for 1% of global copper output.