Base metals There was a definite improvement in sentiment at
this year’s Cesco copper week in Chile. Check out
our round up of the whole week. Download our PDF of the
coverage here. Copper prices are expected to average $6,500 per
tonne ($2.95 per lb) in the second quarter of 2017, and the
long-term forecast is optimistic as demand should outstrip
future supply, according to Bank of America Merrill Lynch.
Meanwhile, Chile’s copper commission, Cochilco,
has once more raised its forecast for the price of the red
metal in 2017 to reflect the impact of global supply
disruptions. Marex Spectron also predicted a more positive
outlook for copper prices...