Peru would enter a recession if copper falls

Restrictions in China due to the pandemic are shaking the demand for copper

RIO DE JANEIRO, BRAZIL - If the price of copper falls below US$4 a pound, the Peruvian economy could slip into a recession. Copper futures in New York fell to US$4.16 a pound on Tuesday, after hovering above US$4.50 for months.

The conditions established in China in the face of the outbreak of the pandemic have generated a drop in demand for the metal, which affects the Peruvian economy.

Read also: Check out our coverage on Peru

If copper prices drop below US . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?