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Copper is in a bind. Its price recovery following the partial resolution to the US-China tariff war was stopped in its tracks by the outbreak of the COVID-19 virus in China. The red metal showed some resilience and the line around US$2.50-2.60 per pound for a while, but then plummeted towards $2/lb.
Copper cathodes in Chile
With the virus halting industrial output in China, copper consumption took a hit in the first quarter with demand down 14% year-on-year during the quarter, according to research from BMO Capital
Mitsubishi takes 5% stake in Marimaca
Los Andes sells Vizcachitas royalty
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