Good news for Chile, copper price soaring on Chinese demand

Good news for Chile. The price of the country's main export, copper, reached this week its highest international value in eight years and nine months, at US$ 3,81 the pound, according to the latest reports from the London Metal Exchange.

Last Friday the price stood at US$ 3,63, the pound, said a report from the Chilean Copper Commission, Cochilco, and on Monday, US$ 3,81, which represents an annual average of US$ 3,66, well above the US$ 2,88 on which the Chilean national budget for 2021 was estimated.