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Latest Updates News Chile Earthquake Today, Chile Earthquakes, Chile 7.2 Earthquake, Chile Earthquake March 11 2010: A magnitude 6.9 earthquake hit south of Santiago at about 9:40 a.m. New York time, the U.S. Geological Survey said today on its Web site. An 8.8-magnitude temblor, the world’s fifth- strongest in a century, killed more than 400 people on Feb. 27, briefly shut mines and prompted a three-day copper rally. Aftershocks have rocked the country for the past two weeks.
“Copper rose as a knee-jerk reaction to the earthquake,” said Frank McGhee, the head metals dealer at Integrated Brokerage LLC in Chicago. “The concern now is each time this happens, it causes an additional impact on roads and facilities. It creates an overall infrastructure problem.Copper futures for May delivery rose 0.9 cent, or 0.3 percent, to $3.377 a pound on the Comex in New York. The most- active contract has advanced 2.8 percent since Feb. 26.