Chile’s Codelco foresees copper price around US$3.80/US$3.90 per pound next year

Considering the relevance of water resources during the drought the country is facing, Codelco's board chairman, Juan Benavides, clarified that the company has guaranteed the necessary water to operate normally in 2022.

RIO DE JANEIRO, BRAZIL - Looking ahead to 2022, the executive president of Codelco, the world's largest copper mine, Octavio Araneda, said on Wednesday that they foresee a copper price of around US$3.80 - US$3.90 per pound next year, a little lower than the one reached in the current year.

In the framework of the inauguration of the new Strategic Operations Center (CIO-E) of the state-owned mining company, Araneda pointed out that "it is always tough to forecast prices, especially in the short and medium-term, but next year (there will be) probably a price . . .

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