Codelco: Actual Shortage to Raise Copper Price above $10,000 per Tonne

SHANGHAI, Nov.1 (SMM)－The world’s largest copper producer Codelco provides the most optimistic prospect of copper market, saying the balance of demand and supply for copper will convert to “actual” shortage in 2018. The copper price is likely to break $10,000 per tonne, setting new historic high.

The copper output of Codelco accounts for nearly 10% of the global output. The prediction is  a huge change of its attitude as the producer is not very optimistic toward future copper market just a few months ago.

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: gaotian@smm.cn