SHANGHAI, Aug. 15 (SMM) – Codelco is preparing to invest copper mine projects in Mongolia as copper market improves, foreign media reported. 

The world's second largest copper producer said it was in line to meet its 2017 copper production target of around 1.7 million tonnes, but output was expected to fall by 3 or 4 per cent in 2018 on a yearly basis. 

The producer also predicted that the average 2017 copper price of above $2.60 per pound, significantly higher than recent years. 

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 limited. 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.