Low copper price is temporary dip, not reflective of tight fundamentals - Codelco

This recent drop in copper prices is not reflective of the current tight supply and demand fundamentals and a rebound could take place as soon as next week, Codelco’s chief commercial officer Roberto Ecclefield told Fastmarkets on Friday May 3.

"Once China re-opens on Monday, we should see copper prices rebound," Ecclefield said in an interview. "The current price doesn't reflect fundamentals.” Markets in China have been closed since May 1 in celebration of Labor day and will re-open on Monday May 6. The London Metal Exchange three-month copper price was recently at $6,265 per tonne on May...

Published

Perrine Faye

Renato Rostás

May 03, 2019

17:50 GMT

London, São Paulo