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Chilean copper commission looks at the 2019 metal scene with optimism and caution | economy



With "optimism, but caution," they see the copper scenario for 2019 in Chilean Copper Commission (Cochilco), ensuring that next year the average price of the metal will exceed $ 3 per pound.

Cochilco expects next year's copper price to be $ 3.05, as demand will continue to grow, which exacerbates the metal shortage and the more favorable international scenario with a slowdown in trade war.

This was announced by the Cochilco market coordinator, Victor Garay,

https://media.biobiochile.

According to experts, if negotiations between China and the United States have a positive impact, this will lead to an increase in the country's largest exports, as indicated by scientists from the Catholic University: Gustavo Lagos

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For the executive director of Plusmining, Juan Carlos Guahardoprices above $ 3 can be seen in the second half of 2019, if China strengthens its local economy.

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Minister of Mining, Baldo ProkuritsaThey said they see "good eyes" in 2019, given the announcement of investment in the mining sector in the last quarter.

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This Friday, the copper price closed at $ 2 with 73 cents per pound, which means a 0.5% increase from last Friday after a four-week drop.

The growth, which was caused by the restoration of global stock markets and the deterioration of the dollar due to the partial closure of the US government, Cochilco reports.


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