Chile increased its global outlook for copper prices to an average $3.12 per pound this year, from a previous estimate of $3.05, due to tighter supply.
However, state copper commission Cochilco said on Tuesday it sees prices dropping to $3.00 per pound next year.
Chile, the world No. 1 copper producer, is now expected to produce 5.95 million tonnes of the red metal in 2014, lower than a previous forecast for 6.07 million tonnes, Cochilco added.
Source: Reuters
However, state copper commission Cochilco said on Tuesday it sees prices dropping to $3.00 per pound next year.
Chile, the world No. 1 copper producer, is now expected to produce 5.95 million tonnes of the red metal in 2014, lower than a previous forecast for 6.07 million tonnes, Cochilco added.
Source: Reuters
