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Copper mine closures to bolster prices, says Jefferies

The widespread closure of copper mines due to Covid-19 could see prices rise in the short term, but miners themselves are unlikely to benefit until demand recovers, investment bank Jefferies said this week.

Copper mine closures to bolster prices, says Jefferies Copper mine closures to bolster prices, says Jefferies Copper mine closures to bolster prices, says Jefferies Copper mine closures to bolster prices, says Jefferies Copper mine closures to bolster prices, says Jefferies

BHP has decided to exclude contract workers at its Escondida mine in Chile for 15 days

Chile, which accounts for 28% of global copper mine supply, has entered a "state of catastrophe", with a number of mines shut down in response.