Investors look to South America

The high price of metals suggests the industry is recovering — but insiders remain cautious about what’s to come.

The Chilean Copper Commission maintained its forecasted evaluation of copper at US$3,06 per pound for the duration of this year. A deficit of 169,000t of refined copper is expected, which will fall to 87,000t in 2019. During the presentation of the International Copper Market Trends report, which reflects upon the developments of Q1 2018, Ministry of Mining undersecretary Pablo Terrazas noted that, despite the optimistic figures, “we remain cautious of the risks that still persist in the market.”