Chile's Cochilco raised its 2026 copper price forecast to US$5.95 a pound as prices hit records, handing copper-dependent Chile a welcome fiscal windfall.
Chile · Mining
Key Facts
—The upgrade Chile’s copper commission Cochilco raised its 2026 average copper price forecast to US$5.95 a pound, from US$5.55.
—The 2027 view It kept its 2027 forecast unchanged at US$5.10 a pound.
—The records COMEX copper hit an intraday record near US$6.77 a pound on August 7, with London prices above US$14,000 a tonne.
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