LME Copper prices rose 0.7 percent yesterday to close at $6016/t as China's manufacturing activity expanded faster than expected in February, adding to bright demand prospects for the metal. Also, Trump in his speech said he will ask Congress to pass a bill that would lead to $1 trillion in investments in a national infrastructure program. Further, supply disruption concerns are only worsening by the day. A three-week-long strike at Chile's Escondida, the world's biggest copper mine, turned ugly on Wednesday when a group of striking workers blocked a highway, provoking confrontations with the police.
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