RIO DE JANEIRO, BRAZIL - The price of copper, of which Chile is the world's leading and Peru the number two producer, recorded its fifth consecutive fall on Friday, June 18, and recorded its worst week since March 2020, following China's warning it would release strategic reserves to reduce inflationary pressure on mining commodities.
The three-month copper on the London Metal Exchange (LME) on Friday lost 2.3% to US$4.17 per pound, the lowest level since April 15, reported the Chilean Copper Commission (Cochilco).
With respect to last Friday, the price plummeted 7%, which is its . . .
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