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The Chilean Copper Commission looks with optimism and caution metal scene for 2019 Economy



With "optimism, but careful", they see the copper scenario for 2019 in Commission for Chilean copper (Cochilco), ensuring that next year the average price of metal will exceed $ 3 per pound.

Cochilco expects copper to cost $ 3.05 next year, as demand continues to grow, which contributes to a metallic deficit and a more favorable international scenario, with moderation in the trade war.

This was stated by Kochilko's market coordinator, Victor Garay.

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For experts, if negotiations between China and the United States have positive effects, this will spur the country's largest export, as stated by the academic Catholic University, Gustavo Lagos

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For the Plusmining Executive Director, Juan Carlos Guaardoprices above $ 3 can be seen in the second half of 2019 if China increases its local economy.

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The Minister of Mining, Baldo Prokuritsa, say they see "good eyes" in 2019, given the announcements for investing in the mining sector in the last quarter.

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This Friday, the price of copper closed at $ 2 with 73 cents per kilo, which means an increase of 0.5% compared to last Friday, after four weeks of lows.

Growth due to the recovery of global stock markets and the deterioration of the dollar due to the partial closure of the US government, according to Kocilko.


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