Copper prices on the London Metal Exchange rallied by more than 2% on the afternoon of Thursday October 5 on news of an earthquake in Chile.

Comex copper prices surged to a three-week high Thursday October 5 morning in the US, after a Chilean earthquake spurred a major round of buying.

The three-month copper price rose significantly on the London Metal Exchange this morning, Thursday October 5, following an earthquake in Chile.

Base metals prices on the London Metal Exchange are for the most part little changed this morning, Thursday October 5. The main exceptions are nickel prices that are up by 0.6% at $10,640 per tonne and tin prices that are off by 0.2% at $20,755 per tonne, while the rest are between plus and minus 0.1%, with three-month copper prices up by 0.1% at $6,517 per tonne.

Comex copper prices were little changed in midweek trading on Wednesday October 4 with a lack of Chinese participants capping the upside.

Zinc prices continued to strengthen on the London Metal Exchange this morning, Wednesday October 4, while the rest of the base metals were on divergent paths.

Base metals prices, with the exception of tin, on the London Metal Exchange are up by an average of 0.4% this morning, Wednesday October 4, with gains ranged between 0.2% for copper ($6,528 per tonne) and 0.6% for lead ($2,615 per tonne), while tin prices are little changed at $20,755 per tonne. With China on holiday all week, volume has been light with 1,851 lots traded as of 07:03 BST.

Comex copper prices made a modest increase this morning, Tuesday October 3, in the USA, with trading activity muted while Chinese investors are on the sidelines.

Base metals prices on the London Metal Exchange are for the most part weaker this morning, Tuesday October 3. The exceptions are aluminium ($2,108.50 per tonne) and nickel ($10,490 per tonne) where prices are up by 0.2% and 0.3%, respectively, while the rest are down between 0.5% for zinc ($3,224.50 per tonne) and 0.1% for tin ($20,660 per tonne). Three-month copper prices are off by 0.4% at $6,465 per tonne.

Base metals prices on the London Metal Exchange diverged amid thin trading volumes during the Asian morning trading session on Tuesday October 3, with copper weighed down by profit-taking and a stronger dollar.