The world’s largest copper producer suddenly closed its borders and copper prices soared above the $9,000 mark

Chile has been vaccinated against Wuhan Pneumonia (Chinese Communist Virus, New Crown Pneumonia, COVID-19) since February this year, and so far more than 35% of the population has been vaccinated. The Chilean government announced that it has upgraded its epidemic prevention measures and closed its borders since Monday (5). Chile, the world’s largest copper producer, closed its borders and affected the market at the same time, as a result of which copper prices surged 3.7% to break $9,000 per metric ton.

Although Chile’s Ministry of Energy and Mines stressed that maritime transportation and mining companies would still operate normally, international copper prices still rose sharply; Deputy Minister of Mines Edgar Blanco said the government has asked mining companies to strengthen epidemic prevention measures and enhance mine operations and processing operations to avoid a more serious outbreak.

The Chilean government announced new measures to prevent the epidemic, stipulating that Chilean citizens and foreign residents are not allowed to enter or leave the country, and truck drivers traveling to and from the border must provide proof of a negative nucleic acid test within 72 hours before entering the country.