Barclays Capital Lack Quotations

Given the overall positive sentiment and an apparent lack of interest to short the marker aggressively, we see further room on the upside.

We continue to question how close the situation now is to either complete company withdrawal from the area or a strike by workers due to the obvious lack of security.

While strikes in Chile rarely tend to last for very long, any disruption to production or shipments will lend support to copper prices given the strong demand environment and lack of spare material.