Copper price plunges to $2.20 a pound, the lowest level since October 2016

Copper prices plunged to $2.20 per pound due to the uncertainty generated by the Coronavirus and the economic impact on China. Mining Minister Baldo Prokurica said it is a hard blow to Chilean mining and to the state’s coffers because for every penny the metal drops, the Chilean state loses $60 million.

Source: EMOL