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LME copper was lower on Friday and fell 2 percent weekly after workers at Chile's Escondida copper mine agreed to end the strike
.
In the short term, investors are worried that US President Donald Trump's health care bill may not pass
.
The vote could indicate whether the Trump administration can get the support it needs to roll out fiscal measures
that are at the heart of its economic policy.
ANZ analysts said that at the beginning of this year, Trump's pro-growth policies excited the market, and base metals certainly benefited
.
Analysts said there is no doubt that the news about today's vote on Trump's health care bill and the impact on other policies such as tax cuts may be enough to keep investors out of the wait.
At present, the market is not worried about the lack of supply, although there are still big problems
on the supply side.
The strike at Chile's Escondida mine, the world's largest copper mine, ended when unions said Thursday that workers had decided to resort to a little-used legal provision that would allow them to extend old contracts
.
Separately, Freeport McMullen said Thursday that the nearly two-week strike had not severely affected production at its Cerro Verde copper mine in Peru, although unions said production had been cut in half
.
Three-month copper fell 0.
07% to $5,821 a tonne, erasing modest gains on the previous day
.
The weekly copper line could fall 2 percent, paring gains for the year to nearly 5 percent
.
On the weekly chart, copper futures are facing resistance
at the 200-day moving average of $5,959.
