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...
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...
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