SANTIAGO, Dec 14 (Reuters) - The state-owned Chilean Copper Commission (Cochilco) on Wednesday cut its projection for the price of copper for 2023 to $3.70 per pound due to greater supply.
The agency in July had estimated a copper price of $3.95 per pound in 2023.
Cochilco also slightly lowered its 2022 forecast to $3.98 dollars, from the average $4.00 it estimated in July.
In addition, the agency projected a production volume for Chile of 5.3 million tonnes of copper for 2022, which is a year-on-year decline of 5.8%. For 2023 the agency projects growth of 7.5% to 5.7 million tonnes.
Chile is the world's largest producer of copper.
News: BHP Chile's Cochilco cuts copper price projection for 2023 to $3.70/lb
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$41.40 |
Change
0.940(2.32%) |
Mkt cap ! $210.4B | |||
| Open | High | Low | Value | Volume |
| $40.89 | $41.69 | $40.77 | $190.0M | 4.596M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 4524 | $41.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.41 | 2042 | 6 |
View Market Depth
| Last trade - 11.58am 22/07/2025 (20 minute delay) ? |
| BHP (ASX) Chart |