According to Jin10, copper prices were steady on Wednesday as concerns over supply in Chile offset pressure from rising oil prices, while markets also watched developments at major copper mines. TD Securities analysts said Chile's supply risks remain a key focus for copper, and news on strike votes, operational disruptions, and mine restarts helped keep a supply-risk premium in place. They added that any escalation in Chile would provide additional short-term support for prices. Markets also continued to deal with tariff uncertainty and ongoing inventory adjustments. Supervisory staff at BHP's Escondida copper mine in Chile said they would begin a strike on Wednesday after mediation efforts over a new collective labor contract failed. Meanwhile, the Centinela copper mine in Chile and two striking unions returned to the negotiating table on Tuesday in an effort to resolve a stoppage that has lasted for a week, with workers saying the strike is affecting operations.