Gains in copper prices are expected to pick up pace as China demand exacerbates supply shortages at large mines, Goldman Sachs said.
BHP Billiton has begun halting operations at its Escondida copper mine in northern Chile.
Asia markets traded mixed Wednesday as energy stocks came under pressure, following lower oil prices.
Copper prices climbed over 1 percent after BHP Billiton said it planned to halt production at the Escondida mine due to a workers strike.
The main union at BHP Billiton's Escondida copper mine said that negotiations mediated by the Chilean government have failed.
Asia markets were trading most higher, following Wall Street's positive lead after S&P 500 hit an all-time high.
Asian stocks were mixed on Tuesday, as the dollar remained soft amid uncertainty over U.S. President Donald Trump's trade policies.
Asia shares traded mixed on Tuesday, with Japanese stocks under pressure from a relatively stronger yen.
Samsung shares slumped on Monday after news that a South Korean special prosecutor will seek an arrest warrant for the Samsung Group chief.
European shares open mixed Wednesday as trading resumes after the Christmas break.
Asian shares were mixed on Wednesday, with South Korea's shares dropping as its political scandal grew and Toshiba plunges 20 percent.
Asia stocks traded mixed, with oil prices in focus after fresh doubts over an OPEC production deal sent prices tumbling on Tuesday.
Alex Leyland of Leyland Private AM explains why Australian iron ore producers could push more supply into the market.
Asia markets were positive on Friday, amid a lack of cues from U.S. markets, which were shut Thursday for the Thanksgiving holiday.
Asia markets trade mixed with focus on U.S. where the Dow and the S&P 500 closed at all-time highs.
Stocks in Europe closed higher on Tuesday afternoon, following new record highs on Wall Street and expectations of an OPEC deal.
Many Asian markets stuttered on Friday as the rally in the dollar following Donald Trump's win dampened demand for emerging market assets.
European stocks closed broadly flat on Monday with investors focused on fresh economic data and corporate earnings.
Asian markets were mostly up and the Mexican peso strengthened against the dollar on Thursday after the final U.S. Presidential debate.
European stocks closed higher on Wednesday as upcoming central banks data dominate sentiment.