https://www.bing.com/videos/search?q=copper+shortage&docid=608054853813799107&mid=25CAFC925A391F42172025CAFC925A391F421720&view=detail&FORM=VIRE

Hi, Everyone:

I am enclosing a link about the Codelco copper mine situation in Chile.  This aired with Al Jazeera on July 1, where it stated that the mine would drop production by 200,000 tonnes of copper this year largely due to novel coronavirus.  In another report dated July 13th, the union representing copper workers indicated that 3,215 employees (out of approximately 60,000) had tested positive for COVID-19, with some employee representatives calling for a halt in production as an infection prevention strategy.   

I think the video gives a good picture of the implications for copper pricing when one of the world's largest copper mines falters.  The combination of short supply and the pandemic have resulted in upward pressure on copper.  What will happen post COVID when the world's economy come back?

GLTA