According to Mining.com, the Wall Street Journal (WSJ) reported last Saturday (5th) that Chile, the world's largest copper producer, is preparing to lower its official forecast for copper prices in 2025.
Citing a person familiar with the detailed calculation method, WSJ stated that the Chilean government will revise the average copper price forecast for 2025 from the previous $4.25/lb to a range of $3.90/lb to $4/lb.
The newspaper mentioned that Chile will announce the revised price forecast by the end of April.
In February, the Chilean Copper Commission (Cochilco) maintained its copper price forecast at $4.25/lb, while the forecast for May 2024 was $3.85/lb. The commission predicted that the average copper price in 2026 would be $4.25/lb and expects copper prices to remain above $4/lb over the next decade.
The new US tariff policy has sparked concerns about a global recession, leading to significant declines in prices, including oil and other commodities.
To learn more about the dynamics of the copper industry chain, you are invited to attend the CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo, hosted by SMM, which will be held grandly in Nanchang, Jiangxi, from April 22 to 25, 2025. ~Over 3,000 industry elites, representatives from upstream and downstream enterprises in the copper industry chain, government officials, industry associations, third-party equipment, logistics and warehousing, as well as experts from universities and research institutions, will gather together. The conference covers mines, smelting, copper processing, trade, recycling, and end-use applications, encompassing the entire copper industry chain.
At the event, more than 100 exhibitors will showcase the latest copper processing and smelting equipment, high-quality raw material suppliers, and new-type copper-based materials, highlighting the innovation and vitality of the copper industry.
The conference features a variety of exciting activities: the main forum focuses on global copper market trends, raw material supply, policy impacts, and market directions. Sub-forums delve into hot topics in specific fields such as electrical power transmission and distribution, secondary copper, copper-based new materials, hardware and plumbing, and ESS. During the conference, a two-day field trip will visit 12 representative enterprises in the copper industry, with a cumulative capacity of 1 million mt, to share cutting-edge technologies and valuable experiences, helping to upgrade the copper industry chain and promote high-quality development.
CCIE 2025 SMM (20th) Copper Conference and Copper Industry Expo
