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.

Eso sí, para el 2027 el precio del metal rojo disminuirá a US$ 5,10 la libra, explicado por una menor disponibilidad de concentrados, inventarios ajustados y riesgos de oferta.

Cochilco cuts Chile's 2026 copper output forecast to 5.27 million tonnes, down 2.6%, with a rebound seen in 2027. The commission also raised its price outlook.