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Mayor of London visits Chile, virtually
governmentcomputing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governmentcomputing.com Daily Mail and Mail on Sunday newspapers.
Mayor of London visits Chile, virtually
governmentcomputing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from governmentcomputing.com Daily Mail and Mail on Sunday newspapers.
China’s appetite for copper boosts Chilean economy
AFP, SANTIAGO
With the price of copper reaching a 10-year high thanks in no small part to China’s insatiable appetite, Chile, the world’s leading producer, faces a “unique” opportunity, experts said.
Copper on Wednesday rose to US$4.21 per pound on the London Metal Exchange, meaning that it has doubled its price since March last year.
Experts say that its price, spurred by demand from China, could beat all records in the coming weeks, surpassing its previous high of US$4.60 in February 2011 and potentially rising above US$5 per pound.
The Chuquicamata mine in Calama, Chile, is pictured on June 24, 2019.