Copper prices will rebound in the coming months from a downturn in demand caused by the coronavirus outbreak in China, Chilean Mining Minister Baldo Prokurica said on Tuesday.
China reported its fewest new coronavirus infections since January on Tuesday and its lowest daily death toll for a week, but the World Health Organization said data suggesting the epidemic had slowed should still be viewed with caution.
China is the world’s top copper consumer, and Chile is the red metal’s top producer.