https://www.miningweekly.com
Copper
Copper
copper

Cochilco sees 2020 copper production and price rising

23rd November 2020

By: Reuters

  

Font size: - +

SANTIAGO – Chile's copper production will likely rise by 0.6% to 5.82-million tonnes in 2020, State copper commission Cochilco said on Monday, and to 5.99-million tonnes in 2021.

Cochilco estimated that the copper price will average $2.75/lb in 2020, before rising to $2.90/lb in 2021.

In August, Cochilco's price estimate was $2.62/lb for 2020 and $2.85/lb for 2021.

Baldo Prokurica, the mines minister, said in announcing the Cochilco figures on Monday that the higher price estimate was due to positive expectations on demand from China, economic recuperation, a drop in copper inventories and the increasing likelihood that a coronavirus vaccine will be widely available within the first six months of next year.

Victor Garay, Cochilco's markets coordinator, said projections were contingent on possible second waves of the virus which could result in movement restrictions and impact production as well as demand.

Edited by Reuters

Comments

Showroom

Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 
Yale Lifting Solutions
Yale Lifting Solutions

Yale Lifting Solutions is a leading supplier of lifting and material handling equipment in Southern Africa. Yale offers a wide range of quality...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
Updated 6 hours ago
Magazine cover image
Magazine round up | 26 April 2024
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.152 0.19s - 93pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: