Copper Prices to Average $2.22 per pound in 2017, Cochilco Survey-Shanghai Metals Market

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

Industry News 10:47:55AM Nov 11, 2016 Source:SMM

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.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Key Words:  Copper Prices  Cochilco  

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

Industry News 10:47:55AM Nov 11, 2016 Source:SMM

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.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Key Words:  Copper Prices  Cochilco