Seeking Alpha

Copper prices that have risen fivefold in the past decade are the new normal and are unlikely to...

Copper prices that have risen fivefold in the past decade are the new normal and are unlikely to fade much, Chile's finance minister says. The price of the metal has averaged $3.61/lb. this year vs. $1.79 in the 2000-09 decade, but the finmin of the world's top copper miner doesn’t think prices will see $2.00-$2.50: "That would happen in the very worst part of the cycle, but not as a structural issue.”
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