Copper Prices to Average $2.22 per pound in 2017, Cochilco Survey

Nov 11, 2016 10:47

Source:SMM

A recent Cochilco survey shows copper prices will average $2.22 per pound in 2017, wenhua.com reports.

SHANGHAI. Nov. 11 (SMM) - A recent Cochilco survey shows copper prices will average $2.22 per pound in 2017, wenhua.com reports.

Cochilco said 15 experts participated in the survey. Their forecast is based on Peru’s increasing copper ore supply due to new mines coming online and market expectations of the US dollar’s devaluation.

COMEX copper jumped to a 16-month high of $2.551 per pound on the heels of Trump winning the presidential election.

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Copper Prices to Average $2.22 per pound in 2017, Cochilco Survey

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