Copper Prices Rise Due to Chilean Earthquake

Saturday, February 27th, a magnitude 8.8 earthquake struck Chile, the world’s largest copper mining nation.  Since the quake hit, the price of copper rose to its highest point in recent weeks.  Production resumed in the largest mines on Sunday, but 20% of their usual production was affected by the earthquake and it could be two days before production can fully resume.

Just two weeks ago, on February 16th, the price of copper was $3.35, according to the Camden copper index.  As of 10am EST, the price rose to $3.54.

For some ideas on how to lessen the impact of copper prices on your organization, please see the Copper Survival Guide from our May 2008 newsletter.

Click here to see the history of Camden Copper
Click here to see the most up-to-date Comex Copper Prices

About awcwire
Allied Wire & Cable is a value-added manufacturer and distributor of electrical wire and cable, tubing, and more. We are a family owned and operated company, serving a wide range of industries, including the military, automotive, aerospace, and telecommunications markets. Allied is headquartered in Collegeville, PA. Additional locations can be found across the US, in Merrimack, NH, Tampa, FL, Pewaukee, WI, and Las Vegas, NV. For more information on Allied, visit our main website at www.awcwire.com.

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