Copper Rises to $6,670 per Tonne on Chile Earthquake Worries

Three-month copper on the London Metal Exchange rose $11 to trade at $6,670 per tonne on Wednesday, according to Investing.com. A magnitude-8.2 earthquake occurred on the northern coast of Chile, a country that is a major producer of copper. This has led to some worries about copper supply in the time to come. Copper producers Codelco, KGHM Polska Miedz SA and Pan Pacific Copper Co. all announced their projects and mines sustained no damage, according to Bloomberg.

Copper on New York’s Comex rose $0.24 to trade at $3.06 a pound, according to Global Post.