19 Nov 2014
Copper seen at USD 3-3.50 for the next two years – Codelco
FXStreet (Mumbai) - Chile’s Codelco, the world’s top copper producer predicts Copper at USD 3-3.50/pound in the next two years on growing mine supply.
Most top copper producers said today that Copper prices could be held down in the next couple of years on rising supply, although the metal prices would rally in the long-term due to a dearth of monster projects and bottlenecks at refineries.
Moreover, Codelco chief Nelson Pizzaro said, Prices could hit a record USD 5/pound (USD 11,000/tonne) over the next four to five years.
Most top copper producers said today that Copper prices could be held down in the next couple of years on rising supply, although the metal prices would rally in the long-term due to a dearth of monster projects and bottlenecks at refineries.
Moreover, Codelco chief Nelson Pizzaro said, Prices could hit a record USD 5/pound (USD 11,000/tonne) over the next four to five years.