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Source: Reuters

Chinese Copper miners up, Chile quake fuels supply concern

Published: 01 Mar 2010 18:15:58 PST

HONG KONG, March 1 - Copper mining stocks rose in Hong Kong and China on Monday after copper prices rose on supply worries after a massive earthquake hit top producer Chile.

Shanghai's benchmark third month copper <SCFc3> was up by its 5 percent daily limit to 61,050 yuan per tonne at 0100 GMT after three-month copper contract on the Londont Mteal Exchange <CMUC3> jumped 5.6 percent earlier. [ID:nSGE62001U]

Jiangxi Copper <0358.HK> was set to open up 6.5 percent in Hong Kong. Its Shanghai listed shares <600362.SS> were up 6.4 percent.

Shenzhen listed Tongling Nonferrous Metals Group <000630.SZ> and Yunnan Copper <000878.SZ> were both up more than 5 percent.

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