Copper to Rally to $3 Once Virus Passes, Chile Minister Says

he deadly coronavirus that’s rattled markets since January won’t stop copper prices from surging to $3 a pound this year, according to Chilean Mining Minister Baldo Prokurica. The price of copper, often used as a barometer for the global economy, has dropped about 7% so far in 2020, signaling demand for the metal used in everything from electronics to automobiles has cooled as investors retreat from riskier assets.

Source: Bloomberg