Copper prices should fall again when the market recovers from the initial panic buying following the earthquake in Chile, analysts and traders said. Earlier on Monday, Shanghai and LME copper rose sharply on fears that Saturday’s earthquake would disrupt supplies, with the Shanghai Futures Exchange (SHFE) June copper contract closing at 60,780 yuan ($8,899) per tonne, up 2,590 yuan from Friday. Three-month copper opened at $7,521.75 per tonne on the London Metal Exchange before climbing to a high of $7,600 per tonne by 08:30 GMT. This compares with Friday’s official price of $7,095/96 per tonne. China's spot copper treatment and refining charges (TC/RCs) also fell by half to $10 per tonne/1 cent per lb on...
