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China's appetite for copper boosts Chilean economy


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. ....

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