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Copper climbs on supply disruptions after Chile tragedy
Copper prices rose 1% on Monday on supply fears after a fatal mining collapse in Chile, the world's biggest producer, but gains were capped by concerns over the global economy. Three-month copper on the London Metal Exchange reached $9,722.50 a metric ton by 0930 GMT, building on Friday's modest gains. LME copper has rebounded by a fifth since touching its lowest in more than 16 months in April but has retreated from a high of more than $10,000 in early July. Chilean copper giant Codelco halted mining at its El Teniente mine last week after a tremor and collapse that killed six workers. The mining minister said on ... (full story)
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From northernminer.com | Aug 3, 2025
Codelco says four of the five workers trapped at one of the world’s largest underground copper mines have been pronounced dead plus another who died when a powerful tremor caused a collapse last week. The Chilean copper giant confirmed the fifth fatality on Sunday morning after discovering the bodies of three workers on Saturday. One worker was reported ...
From agmetalminer.com | Aug 4, 2025
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