 |
Louisiana Light • 2 days | 72.20 | +1.74 | +2.47% | ||
|
Bonny Light • 1 day | 75.73 | +1.59 | +2.14% | ||
|
Opec Basket • 2 days | 73.96 | +3.19 | +4.51% | ||
|
Mars US • 10 hours | 70.55 | +1.23 | +1.77% | ||
|
Gasoline • 11 mins | 2.590 | -0.003 | -0.12% |
|
Bonny Light • 1 day | 75.73 | +1.59 | +2.14% | ||
|
Girassol • 1 day | 76.16 | +1.66 | +2.23% | ||
|
Opec Basket • 2 days | 73.96 | +3.19 | +4.51% |
|
Peace Sour • 2 hours | 65.15 | +1.23 | +1.92% | ||
|
Light Sour Blend • 2 hours | 66.45 | +1.23 | +1.89% | ||
|
Syncrude Sweet Premium • 2 hours | 75.40 | +1.23 | +1.66% | ||
|
Central Alberta • 2 hours | 64.75 | +1.23 | +1.94% |
|
Eagle Ford • 2 days | 65.81 | +1.69 | +2.64% | ||
|
Oklahoma Sweet • 2 days | 66.00 | +2.00 | +3.13% | ||
|
Kansas Common • 22 days | 64.52 | +0.64 | +1.00% | ||
|
Buena Vista • 3 days | 73.95 | +0.90 | +1.23% |
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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.
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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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