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Home / chile / The Chilean Copper Commission looks with optimism and caution on the metal stage for 2019 | Economy

The Chilean Copper Commission looks with optimism and caution on the metal stage for 2019 | Economy



With "optimism, but caution" they glimpse the copper scenario for 2019 on Chile Copper Commission (Cochilco), ensuring that next year the average price of metals will exceed $ 3 per pound.

Cochilco expects copper prices to be $ 3.05 next year, as demand will continue to grow, which adds to the metal deficit and a better international scenario, with moderation in the trade war.

This was stated by Cochilco market coordinator, Víctor Garay.

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For experts, if the negotiations between China and the United States have a positive effect, this will encourage the country's biggest exports, as shown by academics at the Catholic University, Gustavo Lagos

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For Plusmining's executive director, Juan Carlos Guajardo, prices above $ 3 can be seen in the second half of 2019 if China improves its local economy.

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Minister of Mining, Baldo Prokurica, said that they saw a "good eye" in 2019, given the announcement of investment in the mining sector in the last quarter.

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This Friday, copper prices closed at 2 dollars at 73 cents per pound, which means a 0.5 percent increase compared to last Friday, after four weeks of falling.

The increase was due to the recovery of the global stock market and the decline of the dollar due to the closure of part of the United States government, according to Cochilco.


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