Copper Heads for Weekly Gain With Codelco Collapse in Focus

Copper is set for a weekly increase as traders assess the impacts of the closure of Codelco’s biggest mine in Chile following a fatal accident.

The seismic event that halted operations at El Teniente, one of the world’s biggest underground copper mines, from July 31, is likely the result of mining activities rather than nature, according to a person with direct knowledge of the matter.