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This Chart Explains Why Copper Prices Jumped After The Earthquake Off Of Chile

Sam RoApr 2, 2014, 06:28 IST

FinVizCopper spikes.

A massive 8.0 earthquake just struck off the shore of Chile, and a tsunami warning has been issued.

One of the first markets to react was the commodities market with copper prices ticking higher.

Why?

Chile is the largest producer of the world's copper.

This is a big deal because copper is arguably the most important industrial metal in the world.

Check out the pink block in this chart from Morgan Stanley:

Morgan Stanley