CAPITAL MARKETS

Chile lifts 2004 copper forecasts

WITH copper pushing through the US$1 per pound barrier for the first time in six and a half years earlier this week, Chile’s government copper commission, Cochilco, has lifted its average 2004 copper forecast to a range of US92-96c a pound.

Greg Tubby
Chile lifts 2004 copper forecasts

The agency had been predicting an average price of US88c, up from US70.6c in 2002 and 2003’s average to date of more than US80c. Colchilco has also raised its production forecasts for Chile, the world’s...

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