Thursday, February 09, 2012

 
 
 

 
 
 
 
 
Copper jumps after Chile earthquake
Advertisement
Monday, March 01, 2010
Text Size: increase text size decrease text size

From Mineweb:

Copper futures jumped to their highest in more than five weeks on Monday after a massive earthquake in top producer Chile sparked supply worries and lingering threats could push the metal to a new 2010 peak.

Saturday's 8.8-magnitude quake and the ensuing tsunamis killed more than 700 people in Chile, wrecked hundreds of thousands of homes, mangled highways and bridges and dealt a heavy blow to one of Latin America's most stable economies.

Up to a fifth of Chile's copper mine capacity was initially shut -- estimated at around 4.5 million tonnes in concentrate annually -- but the top mines slowly resumed operations on Sunday despite limited power supplies...

Read full article...

More on copper:

This indicator is even better than "Dr. Copper"

Veteran copper trader: "We're going to see a catastrophe"

Top strategist Saut: "Dr. Copper" is signaling a correction

Topics: Commodities
Facebook RSS Feed

 
©2012 Stansberry & Associates Investment Research. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This website may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202.