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Copper industry sees worst of crisis over, but recovery gradual

The copper business will recover from crisis mode after plummeting prices for the metal resulted in output cuts, industry executives said at a meeting in world top copper producer Chile this week, but they expect that incipient recovery will be slow.

“The market seems to have left behind its worst moment, although it’s very premature to anticipate a new cycle of high prices,” Chilean Mining Minister Aurora Williams told the conference.