 |
Louisiana Light • 4 days | 89.16 | +0.62 | +0.70% | ||
|
Bonny Light • 24 hours | 91.29 | -2.25 | -2.41% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% | ||
|
Mars US • 164 days | 77.67 | -1.57 | -1.98% | ||
|
Gasoline • 13 mins | 2.799 | +0.015 | +0.54% |
|
Bonny Light • 24 hours | 91.29 | -2.25 | -2.41% | ||
|
Girassol • 24 hours | 91.81 | -2.21 | -2.35% | ||
|
Opec Basket • 4 days | 90.77 | +0.15 | +0.17% |
|
Peace Sour • 23 hours | 78.76 | +0.64 | +0.82% | ||
|
Light Sour Blend • 23 hours | 82.41 | +0.64 | +0.78% | ||
|
Syncrude Sweet Premium • 23 hours | 89.36 | +0.64 | +0.72% | ||
|
Central Alberta • 23 hours | 79.16 | +0.64 | +0.82% |
|
Eagle Ford • 4 days | 82.14 | +0.64 | +0.79% | ||
|
Oklahoma Sweet • 4 days | 82.00 | +0.50 | +0.61% | ||
|
Kansas Common • 4 days | 76.00 | -5.50 | -6.75% | ||
|
Buena Vista • 5 days | 88.72 | -1.19 | -1.32% |
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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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