Trade War Has Copper Prices Artificially Low, Chile Minister Says

(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.The phase-one trade deal between the U.S. and China may bring some relief to copper exporters, helping shore up the finances of Chilean state-run producer Codelco, Mining Minister Baldo Prokurica said.Copper prices may rally to $3 a pound, from an average of about $2.72 last year, as Washington and Beijing work to resolve their trade dispute that has ushered in a “complex period” of economic uncertainty, hurting industrial demand for the metal, Prokurica said in a phone interview.U.S.-China tensions helped trigger …read more

Source:: Yahoo Finance