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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