The price of copper could go as high as $3 per lb ($6,610 per tonne) by June 2019, and stay above that threshold for the rest of the year and into 2020, although the upside was limited, Diego Hernandez, president of Chilean mining society Sonami, said on Monday April 8.
"We should reach $3 per lb around June-July and stay there, or a bit higher, during the second half of the year," he told Fastmarkets on the sidelines of CESCO Week in Santiago, Chile."For the year overall, we see the price between $2.95 and $3.05 per lb," he added. This...