Chile's Cochilco hikes 2025 and 2026 copper price forecasts to record highs

Chile's state copper commission Cochilco increased its forecast for copper prices for 2025 and 2026 to record highs on Wednesday amid weak production.

Cochilco now sees average copper prices in 2025 of $4.45 per pound and hiked its 2026 forecast to $4.55 per pound, both from a prior view of $4.30 per pound.