Chile copper outlook worsens as price forecast rises
Writer: Northern Miner Employees |
Date: 2026-11-02 20:19:00
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Chile’s copper fee has lower its manufacturing forecasts for the world’s largest producer and raised its 2027 value outlook by 17% as mines wrestle to recuperate misplaced output.
Cochilco raised its common copper price forecast for subsequent 12 months to $5.95 per lb. from $5.10 in releases issued Friday. It now expects Chilean output to fall 8.4% this 12 months, in contrast with the two.6% decline projected in August.
“The [global] surpluses we mission are small…
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