Trade War Has Copper Prices Artificially Low, Chile Minister Says
- Metal may rebound to $3 a pound, mining minister forecasts
- Codelco wants to raise over $20 billion to ramp up output
A truck transports minerals inside an open pit copper mine near Calama, Chile.
Photographer: Cristobal Olivares/BloombergThis article is for subscribers only.
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The phase-one trade deal between the U.S. and China may bring some relief to copper exporters, helping shore up the finances of Chilean state-run producer Codelco, Mining Minister Baldo Prokurica said.