Copper for March was trading up 0.13% at $2.67 a pound on the Comex division of the New York Mercantile Exchange, the highest closing since Feb. 2. Meanwhile, MCX Copper was trading at Rs 395.45 per kg, down 0.24%. The prices tested a high of Rs 395.2 per kg, and a low of Rs 392.70 per kg during the day.

 Industrial action is expected to be a big influence on the price of copper this year, with the base metal getting a further boost from a crop of labor negotiations set to take place from Chile to Salt Lake City.

Workers at the Escondida mine, located in the Atacama Desert of northern Chile, voted last week to strike after rejecting an offer from management that they said cut into their benefits. On Tuesday, talks between management and the union broke down after a period of government mediation.

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