SANTIAGO – Chile reduced its forecast for production of copper in 2014 to 5.83-million tonnes, down from a previous prediction for 5.95-million tonnes.
State copper commission Cochilco said on Friday that the country, the world's top copper producer, would likely produce a record 6.23-million tonnes in 2015.
It maintained its estimate for copper prices to average $3.12 per pound this year, falling to $3.00 per pound in 2015.