The most-traded copper contract on the Shanghai Futures Exchange finished down 0.27 percent at 47,740 yuan ($6,952) a tonne on Tuesday with investors looking towards a speech by US President Donald Trump for more clarity on his economic policy. In ShFE trading, nickel was up 0.52 percent, with zinc 0.13-percent lower. But persistent concerns over supply from large mines in Chile and Indonesia limited the decline.
A strike at the Escondida copper mine in Chile, the world's largest, appeared far from ending on Monday as the conflict neared its third week, with the union denying a news report that it had returned to talks with mine owner BHP Billiton. Elsewhere, shareholders are pressuring miner Freeport-McMoRan Inc to stand up to the Indonesian government over changes the Southeast Asian country wants to make in the US miner's contract, with output halted at a giant copper mine.
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