LME Copper prices plunged 2% last week to close at $5837/t and touched two-week lows as failure of Donald Trump to "repeal and replace" the Obamacare health insurance reforms in the US Congress has raised questions on his ability to proceed with tax cuts and infrastructure spending. Further, supply disruption concerns were put to ease last week as workers at the Escondida mine in Chile ended their 43-day strike, and restart is based on a provision of Chile's mining law allowing staff to resume work under their old contract for an 18-month period. Besides, Freeport’s Grasberg mine in Indonesia resumed copper production after over a month strike.

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