Tin hit a record high and copper rose on Wednesday as equity markets bounced and bargain hunters returned to a market under pressure from rising stocks and worries about falling demand from China and the United States....MORE
From Reuters via the Business Spectator:
A powerful earthquake has hit mineral-rich northern Chile, killing at least two people, injuring more than 100 and halting output at some of the world's largest copper mines....MORE
From the Houston Chronicle:
Sector Wrap: Copper Miners Rise
Shares of miners rose Wednesday after a mammoth earthquake rocked northern Chile, sending copper prices higher as investors feared the quake would close mines.
Copper futures jumped 18.95 cents to close at $3.2965 a pound on the New York Mercantile Exchange. The metal gained 2.6 percent on the London Metal Exchange.
The 7.7 magnitude quake occurred about 780 miles north of Santiago and happened 37.3 miles underground, according to the U.S. Geological Survey. Chile, the world's largest copper producer, is responsible for about 37 percent of total global output and has the world's largest copper mine....MORE
