World's Top Copper Miner Sees Prices Rising Toward End 2017
- Asset sales in the industry likely to continue: Landerretche
- Codelco aims to boost output to about 2 million tons by 2022
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Codelco, the world’s biggest copper producer, sees prices rising toward the end of next year as investment cuts hasten a re-balancing of global supply and demand.
The outlook for copper prices has improved since industry executives met in Santiago a month ago, according to Codelco Chairman Oscar Landerretche. “The producers, the real decision makers, are moving in a better direction,” he said in an interview in Miami on Tuesday. “There has been a lot of halting or delaying of projects. All the big players have done that.”