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Cochilco says copper to return to surplus in 2021

A strong recovery by China from the COVID-19 pandemic sets the stage for strong copper growth in 2021, Jorge Cantallopts of Chile’s state copper agency Cochilco has said during a seminar about the virus and copper productivity.

Cochilco says copper to return to surplus in 2021 Cochilco says copper to return to surplus in 2021 Cochilco says copper to return to surplus in 2021 Cochilco says copper to return to surplus in 2021 Cochilco says copper to return to surplus in 2021

Copper to see strong 2021

Cantallopts said that despite a year of high volatility in which the copper price experienced a low of US$2.09 per pound in March, it was forecast to end 2020 at an average copper price of $2.