 |
Louisiana Light • 3 days | 83.49 | +0.98 | +1.19% | ||
|
Bonny Light • 3 days | 84.34 | +1.42 | +1.71% | ||
|
Opec Basket • 3 days | 83.54 | +1.04 | +1.26% | ||
|
Mars US • 16 hours | 79.83 | +0.92 | +1.17% | ||
|
Gasoline • 10 mins | 2.481 | -0.005 | -0.21% |
|
Bonny Light • 3 days | 84.34 | +1.42 | +1.71% | ||
|
Girassol • 3 days | 84.59 | +1.58 | +1.90% | ||
|
Opec Basket • 3 days | 83.54 | +1.04 | +1.26% |
|
Peace Sour • 11 hours | 75.58 | +0.42 | +0.56% | ||
|
Light Sour Blend • 11 hours | 76.48 | +0.42 | +0.55% | ||
|
Syncrude Sweet Premium • 11 hours | 80.08 | +0.42 | +0.53% | ||
|
Central Alberta • 11 hours | 75.73 | +0.42 | +0.56% |
|
Eagle Ford • 3 days | 80.18 | +0.00 | +0.00% | ||
|
Oklahoma Sweet • 3 days | 78.75 | +0.00 | +0.00% | ||
|
Kansas Common • 3 days | 72.50 | +1.00 | +1.40% | ||
|
Buena Vista • 3 days | 87.47 | +0.97 | +1.12% |
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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
More Top Reads From Oilprice.com:
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MINING.com is a web-based global mining publication focusing on news and commentary about mining and mineral exploration. The site is a one-stop-shop for mining industry…
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