Antofagasta Sees Copper Prices to Rise Further in 2017

Published: Mar 15, 2017 10:53

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Chile-based Antofagasta said Tuesday copper prices will continue rising this year after an increase of 17% in 2016, according to wenhua.com.

SHANGHAI, Mar. 15 (SMM) – Chile-based Antofagasta said Tuesday copper prices will continue rising this year after an increase of 17% in 2016, according to wenhua.com.

Antofagasta expects deficit in copper supply in 2017, so copper prices will not drop to a low seen in 2016.

The company’s profit jumped 79% last year.

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