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Copper prices soar as Codelco workers fall sick

From australianmining.com.au

Copper prices have continued their resurgence, finishing yesterday’s trading on the London Metal Exchange worth $US6112.50 ($8781) a tonne. The prices of copper are expected to continue their upward trajectory as the global supply gets impacted by the increased spread of coronavirus in Chile, which produces the most copper in the world. The South American nation had recorded 298,557 cases of the virus as of July 7, with the state-owned copper mining company, Codelco, confirming that 2433 of its staff had contracted the virus. The Chilean copper producer has been forced to halt production at the El Teniente mine and ... (full story)

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  • Category: Fundamental Analysis