Santiago, Jan. 19, Chile’s National Copper Commission (Cochilco) said on Friday that it maintained its forecast of an average copper price of $3.05 per pound this year because of lingering concerns over the Sino-US trade dispute.
China is the largest copper consumer in the world.
Baldo Prokunca, Chile’s mining minister, said uncertainty associated with Britain’s withdrawal from Europe also had an impact on copper prices because the “British withdrawal” would increase volatility in financial markets and reduce investment in commodities.
Chile is the world’s largest producer of copper.
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