Chile’s Finance Minister Downplays Copper’s Decline, Sees Prices Rebounding
- Copper price has tumbled amid mounting global trade tensions
- Larrain highlights ‘extraordinary volatility’ of commodities
Felipe Larrain
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Chile’s Finance Minister Felipe Larrain downplayed the recent slump in copper prices, forecasting that they would rebound, underpinning growth in the world’s largest producer of the red metal.
"The fall in the price of copper is concerning but we are looking at a forecast in the long-term," Larrain said at a summit of the Pacific Alliance trade bloc in Mexico Tuesday. “We expect the price of copper to recover.”