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

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. It was a modest $0.02 jump, but it was a clear and noticeable jump. Why did this happen? Chile is the largest producer of the world's copper. Check out the pink block in the chart below from Morgan Stanley. For some context, here's Morgan Stanley's Adam Longson on the current state of the copper supply:...