SMM Morning Comments (Mar 10): LME and SHFE Base Metals Closed All with Losses amid LME Intervention

A strike has commenced at JFR Moquegua in Peru, may cause immediate shipment delays for Anglo American’s Quellaveco and Grupo México. There is a growing risk that the strike action could escalate and spread to the Arequipa region, potentially disrupting operations at Matarani Port. If this occurs, shipments for other major mines—including Las Bambas, Cerro Verde, and Constancia—will face subsequent delays.