Copper price to recover soon from coronavirus impact, mining minister

Copper prices will rebound in the coming months after a downturn in demand caused by the coronavirus outbreak in China, Chilean mining minister Baldo Prokurica said. The metal used in power and construction has lost 9% since its January peak but has recovered from the Feb. 3 low of $5,523 per tonne. China, the world’s top copper consumer, reported its fewest new coronavirus infections since January on Tuesday and its lowest daily death toll for a week.

Source: Reuters