Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Chile expects moderate rise in copper price — mining minister

World top copper producer Chile expects a moderate increase in the annual average price of the metal through the remainder of 2017, but that would not be enough to push it above $3 a pound for the entire year, Mining Minister Aurora Williams said on Wednesday.

The price of copper has risen dramatically in recent months on strong demand from China, the top consumer of the metal. The sharp increase bodes well for the South American nation, where depending on prices copper-related activity can account for up to 15 percent of gross domestic product.

The Chilean Copper Commission predicted an average price of $2.64 per pound for the year, slightly below the average to date of $2.71 per pound.

Benchmark copper on the London Metal Exchange was bid down 0.4 percent at $6,735 a tonne ($3.05 per pound) on Wednesday.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.



Name Last Change
DOW 25058.10 0.03%
S&P 500 2753.17 0.75%
NASDAQ 7820.20 0.07%
TSX 16435.46 0.65%
TSX-V 712.33 0.00%

Resource Commodities

Name Last Change
Gold 1230.55 0.59%
Silver 15.54 1.48%
Copper 2.75 0.000
Platinum 831.00 0.30%
Oil 70.46 1.42%
Natural Gas 2.76 0.44%
Uranium 23.83 0.88%
Zinc 1.16 0.00%


Part of the Stock Digest family of websites
Small Cap Stock Digest