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Chile’s Cochilco cuts 2016 copper price forecast by 7.4% to $2.50/lb

Copper prices will average $2.50/lb in 2016, down from $2.53/lb in 2015, the Chilean Copper Commission (Cochilco) said in its latest quarterly report. The forecast represents a 7.4% decrease from the $2.70/lb average predicted in Cochilco’s previous report, released in ...

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Rising copper surplus to weigh on prices

Weak demand for copper and rising mine output will weigh on prices this year as a surplus builds up, GFMS analysts at Thomson Reuters said in a report on Tuesday.   In its Copper Survey 2015, GFMS said new operations ...

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Morgan Stanley Copper Price Outlook

The copper price has started to bounce back from its drastic fall at the start of the year, climbing more than 6 percent over the past month. However, Morgan Stanley (NYSE:MS) has cut its 2015 price forecast for the metal by roughly ...

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Look Out Below, Copper’s Falling

The commodity price boom that began after China joined the World Trade Organization in 2001 has turned to bust. Copper prices are down 41 percent from their 2011 peak and probably have a lot further to go. So why are ...

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Chile offers support to small mines after copper price slumps

ENAMI, Chile’s mining-development agency, will buy copper from small mines at above the market price to protect operations from closure. Under the mechanism, miners will receive up to 30 cent a pound of copper delivered to ENAMI’s processing plants while ...

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Chile cuts 2015 average copper price forecast to $2.85/lb

Chilean state copper commission Cochilco cut its forecast on Thursday for 2015 average copper prices to $2.85 per pound, from a prior $3.00 estimate, amid a collapse in commodities prices, a strengthening U.S. dollar, and worries about top consumer China. It also ...

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S&P cuts iron ore, copper price forecasts; reviews related companies

Credit rating agency Standard & Poor’s downgraded its price forecasts for iron oreand copper due to slower global growth and said it expects changes to the ratings of related companies in the coming weeks.   The agency revised down its iron ore price ...

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Japan Copper Scrap prices up; LME Copper hits 5-1/2 year low

Copper scrap prices in Japanese market showed an up-trend on Wednesday, while the red metal prices at London Metal Exchange recorded a 5-1/2 year low of $5,353.25 a ton. Major copper scrap commodities in Japan witnessed an up-trend on Scrap Register Price Index as ...

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Will Strong Dollar Hold Down Copper Price for Long? NCTV Interviews

Risk aversion at the beginning of 2015 has left the US dollar on a tear. The US dollar index climbed above 92 and hit a nine year high, dragging the London Metal Exchangecopper to a 4.5-year low. Will the strong momentum ...

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Copper price rebounds on Chinese expectations

The price of copper bounced back on the back of expectations that Chinese authorities will take action to stimulate the economy. Chilean state copper commission Cochilco said that copper rose 0.62% to USD 2.944 per lb in London from USD ...

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