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Codelco chief bullish on copper price, fears fresh pandemic volatility

From reuters.com

Copper prices are likely to remain strong, but the spread of COVID-19 variants could spark fresh volatility in the market, the chairman of Chilean state miner Codelco, the world’s largest copper producer, told Reuters. The price of copper has hit near decade highs this year and climbed earlier this week after Chile tightened its lockdown over a spike in COVID-19 infections, with several new variants circulating. Some analysts linked the price rise to concerns over supply. “There is a lot of concern around the world about the health crisis worsening as a result of volatility generated by the new variants,” Juan ... (full story)

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  • Category: Fundamental Analysis