upandaway

Dorex's property is mainly copper, with gold, silver, lead and zinc as well.

I recieved a report today on copper so I thought to post it.

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Metals - Copper steady as firm dollar offsets supply concerns

LONDON - Copper was steady in London trade on Tuesday morning after the dollar's firmer footing offset potential supply disruptions. With the dollar edging higher recently, commodities priced in the greenback have become relatively more expensive for holders of other currencies, diminishing the appeal of metals like copper.

However, tight global markets have left the red metal vulnerable to fears of supply disruptions, which saw prices jump to record a high of $8,800 per tonne last month.

At 10:48 a.m., London Metal Exchange copper for three-month delivery was trading at $8,280 per tonne against $8,260 per tonne at the close on Monday.

Potential supply disruptions in China following Monday's huge earthquake in Sichuan province -- which has killed at least 10,000 people and severely damaged local infrastructure -- is providing some support for the market, analysts said. "Although not a major metal producing region, the damage to power and transport systems may cause disruption to supply," said William Adams at BaseMetals.com.

While a potential nationwide miners' strike in Peru has been delayed by 15 days to allow further negotiations, the market is still eyeing developments closely in the key metal producer. "The country is the world's largest silver producer, and produces significant amounts of zinc and copper, consequently strike action could lead to higher prices for these metals," said Fairfax analyst John Meyer.

In Chile, fears recent strikes at Codelco plants could be resumed have also lent support to the market. Union leaders have threatened that further strikes cannot be ruled out after the Supreme Court ruled the state mining giant does not have to offer thousands of subcontractors full-time positions.

Subcontractors had agreed to end their 20-day strike on May 5 after a pledge from Codelco to make many of them full-time, and to pay a bonus of over $1,000 agreed in 2007.