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Home›Commodities›Industrial Metals›Deadly Chile storms disrupt copper mining, tightening…

Deadly Chile storms disrupt copper mining, tightening global supply

CNBC reports that the Chile disruptions come as analysts warn a broader supply squeeze could keep copper prices elevated.

Reported · Written up by our desk · Industrial Metals

Copper prices are rising as deadly storms in Chile disrupt mining operations, adding to already tight global supply conditions.

According to CNBC Markets and CNBC World, the disruptions are expected to further strain supply and could support higher copper prices.

Strategists cited by CNBC say the combination of direct production disruption in Chile and a wider supply squeeze increases the odds of continued price strength.

Latest closeCopper $6.508 ▲1.0%

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Sources

CNBC MarketsDeadly storms and a global supply squeeze are sending copper prices soaring
CNBC WorldDeadly storms and a global supply squeeze are sending copper prices soaring

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