{"id":481382,"date":"2017-05-02T01:06:44","date_gmt":"2017-05-02T01:06:44","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=481382"},"modified":"2017-05-02T01:06:44","modified_gmt":"2017-05-02T01:06:44","slug":"freak-copper-price-jump-has-analysts-scratching-their-heads-2","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=481382","title":{"rendered":"Freak copper price jump has analysts scratching their heads"},"content":{"rendered":"

By analyst<\/a><\/span> <\/p>\n

\"\"<\/a><\/div>\n

By Andrew Topf<\/a><\/span> <\/p>\n

<\/div>\n

The copper price had its best day in a month, but commodity analysts were at a loss to explain why.<\/p>\n

The red metal shot up over 2.5% this morning with July copper futures reaching $2.69 a pound, the highest they’ve been since April 5.<\/p>\n

The jump could be explained by the fact that workers today at Freeport-McMoRan’s (NYSE:FCX) Grasberg mine rallied ahead of an expected month-long strike. The miners at the world’s second largest copper mine are protesting layoffs. The company has laid off about 10% of its Grasberg workforce due to a contract dispute with the government.<\/p>\n

A strike could affect the supply of copper in a year that has already seen several labour-related interruptions.<\/p>\n

CNBC pointed out that trading volumes were lower than normal due to key copper trading markets London and Shanghai being closed for a holiday Monday, which could also explain the rapier-like spike.<\/p>\n

The post Freak copper price jump has analysts scratching their heads appeared first on MINING.com.<\/p>\n

\u2026read more<\/a> <\/p>\n

Source:: Infomine<\/a><\/p>\n

The post <\/a>Freak copper price jump has analysts scratching their heads<\/a> appeared first on Junior Mining Analyst<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By analyst By Andrew Topf The copper price had its best day in a month, but commodity analysts were at a loss to explain why. The red metal shot up over 2.5% this morning with July copper futures reaching $2.69 a pound, the highest they’ve been since April 5. The jump could be explained by […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/481382"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=481382"}],"version-history":[{"count":0,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/481382\/revisions"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=481382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=481382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=481382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}