Copper pares rise as Chilean mining relatively unscathed

NEW YORK (MarketWatch) -- Copper futures climbed the most in nearly a year Monday before scaling back on thinking the deadly earthquake in Chile, where much of the world's copper is mined, would not cause major disruptions in supply.

"The mining sector, situated mostly in the northern part of the country, seems to have emerged relatively unscathed, except for some power outages," said Daniel Kerner, Latin America analyst at the Eurasia Group.

Click here for more on today's price action in copper.

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