Chile IPSA Index Rises on Copper Strength for Third Day
Chile's IPSA index rose 0.71 percent to 10840 on June 30 extending gains for a third session. Copper strength helped mining companies break through multi-week resistance.
Topic cluster
steady
2 sources grouped by AFBytes in Economy
AFBytes briefing
Copper price changes influence mining employment and government revenue in major producing countries that supply U.S. industry.
Key entities
- Chile's
- Copper
- Ipsa
- June
What to watch next
- Track upcoming copper inventory data and Chilean mining output reports for continuation signals.
- Track the next monthly copper inventory report and Chilean budget update for signals on fiscal impact.
Chile IPSA index holds steady as copper prices fall
Chile's IPSA index declined a modest 0.3 percent to 10,273 points. Copper prices fell 3.5 percent and the peso weakened against the dollar.