Copper Prices Jump after Earthquake in Chile
Copper prices jumped and mining shares surged today as the market absorbed the weekend’s 8.8 magnitude earthquake in Chile, the world’s largest producer.
Forward month copper prices spiked nearly 6% — the biggest gain since April on speculation the quake would disrupt shipments.
The earthquake and its aftershocks disrupted over a third of world copper production. In 2009, Chile mined 5.4 million metric tons of the metal last year, or about 34% of global output. Copper prices have more than doubled in the past 12 months as the world economy recovered from its worst postwar recession.
Luke Burgess
Editor, Wealth Daily
The Best Free Investment You'll Ever Make
Sign up to receive the Wealth Daily newsletter - it's absolutely free! In each issue, you'll get our best investment research, designed to help you build a lifetime of wealth, minus the risk. Plus, by signing up, you'll instantly receive our new report: Charging Your Wealth: 3 Promising EV Charging Stocks Under $10
We never spam! View our Privacy Policy
After getting your report, you’ll begin receiving the Wealth Daily e-Letter, delivered to your inbox daily.
Angel Publishing Investor Club Discord - Chat Now
Jason Simpkins Premium
Introductory
Advanced
Related Articles
Latest Articles
1
The Trade Hiding in Plain Sight: Why the Next Big Run Starts in the Dirt
2
Everyone Thinks Gold Topped... That’s Exactly Why It Hasn’t
3
Why Evolution Metals & Technologies Corp (EMAT) Shares Soared 27.63%: Analyst Coverage Sparks In...
4
Something Terrible Is About to Happen
5
HII Sprung a Leak, but It’s a Long-Term Winner
