COMEX January 17 Copper Summary

NEW YORK, Jan. 17 News, COMEX copper futures closed up slightly on Thursday, with small fluctuations in the plate.

COMEX copper closed up 0.65 cents or 0.2% at $2.6800 a pound in March, the most active trading company.

Due to the continuation of the Sino-US trade war and the potential volatility of Britain’s withdrawal from Europe, the Chilean Copper Industry Council (Cochilco) maintained its average copper price forecast of $3.05 per pound this year and rose to $3.08 per pound in 2020.

Cochilco estimates a global supply shortage of 227,000 tons in 2019 and a supply shortfall of 185,000 tons by 2020.

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