Copper at eight weeks high

Melbourne
London copper popped to its highest in nearly two months on Thursday after a large earthquake that struck Chile triggered concerns over supply disruptions, before tailing back on persistent worries over China's economy.
A magnitude 8.3 earthquake hit off the coast of Chile, shaking buildings in the capital city of Santiago and generating a tsunami warning for Chile and Peru, the world's top two suppliers of copper.
State-owned miner Codelco said it was evacuating workers at one of its divisions, while Antofagasta suspended some opeations. But they said there were no initial reports of damage, while Anglo American said operations were continuing as normal. "It's probably going to wash out pretty quickly given there's no real production impact (so far)," said analyst Matt Fusarelli at AME Group in Sydney.
London Metal Exchange copper rose 1.1 percent to hit its highest level since July 22 at $5,440.50 a tonne, before trimming gains to be up 0.2 percent at $5,392 by 0217 GMT.