December Copper futures traded lower for the third straight session, falling 2.8% since the October 12 close00:00. Copper lost support after BHP reached a last-minute labor agreement at the Escondida mine, avoiding a strike and easing immediate supply concerns00:28. However, longer-term supply growth remains constrained, with Antofagasta's 2027 guidance showing no growth from its 2026 targets00:43. On the macro front, a hotter-than-expected September U.S. PPI reading—up 1.3% for the month and 6.3% annually—adds fuel to expectations for another Fed rate hike00:58. Despite the inflationary data, Treasury yields and the U.S. dollar finished lower on the day01:31.