Chile, the biggest Copper producer, raised its price forecasts for this year and next, ING’s commodity experts Ewa Manthey and Warren Patterson note.<\/p>\n
“The country\u2019s Copper agency Cochilco cited global supply disruptions, lower interest rates, a weaker dollar and global economic resilience. Copper is expected to average $4.45 a pound this year and $4.55 in 2026, according to Cochilco\u2019s quarterly report. It previously forecast $4.30 for both this year and next.”<\/p>\n
“Copper supply has been hit by a wave of disruptions this year, including an accident at El Teniente mine in Chile in July.”<\/p>\n
“Cochilco now expects no production growth in Chile for the year, down from a previous forecast of 1.5%. In 2026, Chilean production is forecast to grow 2.5% to 5.6 million metric tonnes. However, a key assumption about next year’s growth is that El Teniente will operate as normal, which Codelco says is unlikely.”<\/p>\n","protected":false},"excerpt":{"rendered":"
Chile, the biggest Copper producer, raised its price forecasts for this year and next, ING’s commodity experts Ewa Manthey and Warren Patterson note.<\/p>\n","protected":false},"author":2,"featured_media":51263,"template":"","news_category":[179],"class_list":["post-51262","news_analysis","type-news_analysis","status-publish","has-post-thumbnail","hentry","news_category-latest-news"],"acf":[],"yoast_head":"\n