 |
Louisiana Light • 2 days | 111.2 | -3.29 | -2.87% | ||
|
Bonny Light • 2 days | 113.6 | -4.56 | -3.86% | ||
|
Opec Basket • 2 days | 114.9 | -2.26 | -1.93% | ||
|
Mars US • 3 hours | 107.6 | +0.02 | +0.02% | ||
|
Gasoline • 33 mins | 3.814 | -0.017 | -0.45% |
|
Bonny Light • 2 days | 113.6 | -4.56 | -3.86% | ||
|
Girassol • 2 days | 110.4 | -5.24 | -4.53% | ||
|
Opec Basket • 2 days | 114.9 | -2.26 | -1.93% |
|
Peace Sour • 19 hours | 102.5 | -5.36 | -4.97% | ||
|
Light Sour Blend • 19 hours | 104.6 | -5.36 | -4.87% | ||
|
Syncrude Sweet Premium • 19 hours | 108.1 | -5.36 | -4.72% | ||
|
Central Alberta • 19 hours | 102.8 | -5.36 | -4.96% |
|
Eagle Ford • 20 hours | 110.1 | +2.62 | +2.44% | ||
|
Oklahoma Sweet • 20 hours | 108.8 | +2.75 | +2.59% | ||
|
Kansas Common • 2 days | 99.75 | -3.00 | -2.92% | ||
|
Buena Vista • 2 days | 112.6 | -5.11 | -4.34% |
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Copper Prices Jump After Leading Producer Chile Closes Its Borders
Copper price jumped on Monday as investors assessed the decision by Chile to close its borders during April due to a spike in covid-19 cases.
Copper for delivery in May was up nearly 4% in afternoon trade, with futures at $4.1390 per pound ($9,125 a tonne) on the Comex market in New York.
The world’s top exporter of the metal closed its borders for a month as reported a daily record of 7,830 infections last week, an all-time high for occupied hospital beds, and a nationwide positivity rate of 11%.
Chilean citizens and foreign residents are forbidden from entering or leaving the country. All truck drivers are required to present a negative PCR test carried out in the 72 hours before entering the country.
The stepped-up border restrictions may disrupt mining activities by delaying equipment replacement.
Chile’s copper mines produced 430,100 tonnes in February, a decline of 4.8% compared to the same period of 2020.
Last week, Codelco clinched a deal with workers at its Radomiro Tomic mine after they accepted a new contract offer, defusing worries about a potential strike.
By Mining.com
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