Chile trims its 2018, 2019 copper price forecasts
SANTIAGO, Nov 15 (Reuters) - Chile’s state copper agency
Cochilco lowered its average copper price prediction for this
year by $0.03 to $2.97 per pound on Thursday in its second
negative projection in six months.
Cochilco also lowered its 2019 price projection to $3.05 per
pound from the $3.10 it predicted in July, saying there would be
a continued depression in appetite for the metal because of
U.S.-China trade tensions.
It said it expected the price to rise to $3.08 in 2020.
(Reporting by Fabian Cambero; writing by Aislinn Laing; editing
by Jason Neely)
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