The second largest copper producer in the world enters a state of emergency and the price of Lun copper is close to an all-time high again._SMM
On Monday evening local time, Peruvian President Castillo (Pedro Castillo) declared a state of emergency for the ministerial meeting. A curfew was imposed in Lima and Cayao, the capital, from 2 a.m. to 23:59 on the 5th, and continued until 11:59 on the 5th. News from Peru affects the global copper market all the time. Although Russia's share of copper production is less than 5%, the war between Russia and Ukraine has caused soaring prices of energy and agricultural products, which has plunged Peru into riots as far away as South America, indirectly pushing up international copper prices.
Source: metal.com
