Copper price extends gain on Chinese recovery while US election looms
Prices climbed as much as 0.9% after China’s monthly services activity expanded at the fastest pace since July.
(This story was updated June 4)
A magnitude 6.8 earthquake struck Chile’s mineral-rich northern desert early on Wednesday, monitoring groups confirmed, though damage was minimal and mining companies told Reuters their operations had not been affected.
In Chile, a South American nation often rocked by tremors, mine facilities and other infrastructure are built to withstand extraordinarily large quakes.
Wednesday’s tremor struck at a depth of 145 km (90 miles), the German Research Center for Geosciences said, and its epicenter was about 62 km southwest of San Pedro de Atacama, close to several large lithium and copper mines, including Codelco’s sprawling Chuquicamata and Ministro Hales deposits.
Codelco, the world’s largest copper producer, and top mining companies BHP and Antofagasta told Reuters the quake caused no damage or operational problems at their sites.
The world’s top two lithium miners, Albemarle Corp and SQM, also confirmed operations were normal despite the proximity of the tremor to their mines in the Atacama salt flat.
Antofagasta’s regional government reported minor landslides on local roads and scattered power outages but no casualties.
(By Subrat Patnaik, Fabian Cambero and Dave Sherwood; Editing by Lisa Shumaker and Steve Orlofsky)
Comments
Andres sorribes
And 8 richter magnitude too? ?