LME base metal price changes can be mixed- indeed all over the pricing and foreign currency earning levels. Lead , nickel and aluminum price levels and thus their foreign currency earning levels are on the upswing. Copper prices and thus foreign currency earning levels can be volatile. Concerns about futures and future product supplies can have their impacts as well on the earning or future earning of foreign currencies to the relevant economies.
For example in the case of the country of Chile , which is a major supplier of the commercially needed metal copper, contract workers at the Codelco began a nationwide strike at one point. Codelco had reported property damage at some of it mines and properties at its Terniente and Ventanas due to sometime violent protests. Meanwhile workers at the Collahauasi copper mine , owned by Anglo America had voted to go on strike as well. Foreign currency earnings as a result slumped.
Foreign Currency Trading Beginner Resource Center
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