A worker at a copper mine in Mexico in this file photo. The 8.2 quake off Chile's coast triggered a tsunami alert, raising supply concerns with prices jumping 1%, before steadily paring gains - Reuters Photo.
SYDNEY: London copper climbed to its highest in more than three weeks on Wednesday after a powerful earthquake off the coast of top mine supplier Chile triggered a tsunami alert, which raised supply concerns and set off a volley of technical buying.
Copper prices jumped 1% on the news, before steadily paring gains. Prices have been slowly recovering from 3½ -year lows touched last month, but have failed to find momentum given demand from top consumer China has been sluggish.
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