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.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$40.31 |
Change
-0.460(1.13%) |
Mkt cap ! $204.7B | |||
| Open | High | Low | Value | Volume |
| $40.42 | $40.62 | $40.14 | $297.4M | 7.379M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 498 | $40.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.32 | 1136 | 2 |
View Market Depth
| Last trade - 16.18pm 17/09/2025 (20 minute delay) ? |
| BHP (ASX) Chart |