- Write by:
-
Tuesday, November 24, 2020 - 12:19:59 PM
-
813 Visit
-
Print
Mining News Pro - 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 per pound in 2020, before rising to $2.90 per pound in 2021.
In August, Cochilco’s price estimate was $2.62 per pound for 2020 and $2.85 per pound 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.
Short Link:
https://www.miningnews.ir/En/News/608486
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
As BHP Group considers its next move, there’s one big question facing the mining world’s bankers, analysts and ...
Around $7 billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised ...
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about ...
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP ...
BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s ...
Barrick Gold Corp.’s chief executive officer says the gold miner will continue to host virtual-only annual general ...
China’s copper producers are planning to export up to 100,000 metric tons of metal, the largest volume in 12 years, ...
No comments have been posted yet ...