- Write by:
-
Friday, August 14, 2020 - 5:42:00 PM
-
602 Visit
-
Print
Mining News Pro - Codelco CEO Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80/lb through 2020.
Araneda, who has led Codelco through the coronavirus crisis in Chile, told reporters on a tour of the El Teniente mine that uncertainty still reigned.
The copper price "depends on what is happening in the world...but at the moment, that is the vision we have," he said.
Codelco, the world´s top copper producer, has largely maintained production through the pandemic, churning out the red metal even as it reduced staffing and adjusted shifts to fight the spread of the virus.
Araneda said the number of coronavirus cases had dropped "significantly" at the company´s mines, but said the state-run miner planned to keep operating in similar conditions for at least "another year" while the world awaits a vaccine.
Short Link:
https://www.miningnews.ir/En/News/583722
Chile’s state-run miner Codelco plans to select a partner for a future lithium project in one of the country’s top salt ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
Codelco is exploring more partnerships with the private sector as Chile’s state copper behemoth looks to recover from a ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
Peru’s Las Bambas copper mine, owned by China’s MMG, is facing renewed blockades of a key transport route after failed ...
Vitol Group confirmed that it’s starting to rebuild a trading book for metals after a long stint out of the market, with ...
Chinese investors are snapping up stocks tied to high-flying metals from copper to gold, aiding an onshore market facing ...
Copper traded near a 15-month high as supply concerns and brighter demand prospects triggered a slew of bullish calls on ...
Copper jumped to its highest intraday price since January 2023 as the bellwether industrial metal faces rising tighter ...
No comments have been posted yet ...