360° Coverage : Chile raises forecast for copper prices, output

9 Updates
Chile raises forecast for copper prices, output
Photo Credit: , Getty Images

Chile raises forecast for copper prices, output

Oct 10 2013, 1:01am CDT | by IANS

Santiago, Oct 10 (IANS/EFE) Chile has raised its outlook for the price and production of copper, the Andean nation's chief export.

Santiago, Oct 10 (IANS/EFE) Chile has raised its outlook for the price and production of copper, the Andean nation's chief export. The Chilean Copper Commission, or Codelco, released a report that...

Filed under: news

YouTube Videos

 
 
 

45 weeks ago

Chile raises forecast for copper prices, output

Oct 10 2013, 1:01am CDT | by IANS

Santiago, Oct 10 (IANS/EFE) Chile has raised its outlook for the price and production of copper, the Andean nation's chief export.

Santiago, Oct 10 (IANS/EFE) Chile has raised its outlook for the price and production of copper, the Andean nation's chief export.

The Chilean Copper Commission, or Codelco, released a report that calls for production this year in Chile of 5.7 million tonnes, up from the previous forecast of 5.53 million tonnes and 4.9 percent more than the total output for 2012.

Chile's copper production in 2014 is expected to climb to 5.93 million tonnes, or 4 percent more than this year, according to the study, which was presented Tuesday at the London Metal Exchange by Chilean Mining Minister Hernan de Solminihac and Cochilco Vice President Andres MacLean.

The commission, meanwhile, raised its forecast for 2013 average copper prices from $3.27 per pound to $3.32 per pound based on international price performance in recent months, although it expects average prices to fall to $3.15 per pound in 2014.

Each additional cent in the annual average price of copper translates to more than $40 million in tax revenue for Chile.

"This new estimate is contingent on a series of factors such as the size of the surplus in the copper market, the stability of China's economy and signs that the euro zone is coming out of recession," De Solminihac said in London.

Cochilco also said it expected global copper consumption this year to reach 20.6 million tonnes, 1 percent more than in 2012.

Global mined copper production is expected to come in at 17.9 million tonnes in 2013, up 4.7 percent from last year, and 18.6 million tonnes in 2014, 4.1 percent more than this year, the commission said.

--IANS/EFE

rd

IANS

Source: IANS

 
Update
9

7 hours ago

Hispanic Heritage Month: 4 ways to strengthen your brand

Aug 27 2014 9:04am CDT | Source: Orlando Business Journal

Hispanic Heritage Month (Sept 15-Oct. 15) is a memorable time for Hispanics and a great business opportunity for your company. You can create some big promotions around it that can generate a strong buzz for your business. This celebration starts on Sept. 15 with the anniversary and independence of five Latin American countries — Costa Rica, Honduras, El Salvador, Guatemala and Nicaragua. In addition, Mexico dec ...
Source: Orlando Business Journal   Full article at: Orlando Business Journal
 

 
Update
8

1 day ago

Michelle Bachelet Is Destroying Chile's Free Market Institutions

Aug 26 2014 9:50am CDT | Source: Forbes Real Time

Milton Friedman feared that the political class could use the democratic process to increase the size of government once again and thus severely undermine economic liberty. Twenty-five years after the reintroduction of democracy, Friedman’s concerns s ...
Source: Forbes Real Time   Full article at: Forbes Real Time
 

 
Update
7

1 week ago

A Google Street View Car May Have Run Over A Dog In Chile (GOOG)

Aug 19 2014 5:09am CDT | Source: Business Insider

When your job is to drive a car down every street on the planet, taking photos to create a map of everything on Earth, you're probably going to accidentally hit some animals who dart out in front of you. That may have happened on a dusty road in Chile, as Google's Street View mapping cars were recording Meza Bell 2815-2861 in the Quinta Normal, Región Metropolitana. WARNING: Some of these images might be a lit ...
Source: Business Insider   Full article at: Business Insider
 

 
Update
6

2 weeks ago

Antarctic Icequakes Triggered by 8.8 Magnitude Chile Earthquake

Aug 11 2014 6:31am CDT | Source: IBTimes UK

Chile earthquake over 3,000 miles away caused Antarctica icequak ...
Source: IBTimes UK   Full article at: IBTimes UK
 

 
Update
5

4 weeks ago

JinkoSolar: Strong Growth At A Bargain Price

Jul 29 2014 5:38pm CDT | Source: SeekingAlpha

By Cody Pedro:JinkoSolar (NYSE:JKS) was founded in 2006 to design, develop, produce, and invest in photovoltaic products in China. Since, they have expanded into international markets as diverse as South Africa, Chile, The United States, United Kingdom, and Japan. The brand name, quality, and efficiency of JinkoSolar's products and services have been ever expanding, and with macro trends in the solar industries ...
Source: SeekingAlpha   Full article at: SeekingAlpha
 

 
Update
3

6 weeks ago

Scotiabank builds on Latin American presence with equities brokerage in Colombia

Jul 16 2014 7:16am CDT | Source: Canadian Business Online

TORONTO – Scotiabank (TSX:BNS) is building on its presence in Latin America with a new trading and equities brokerage in Colombia. The bank says the opening is part of placing a priority on key countries in the region, which also include Peru, Mexico and Chile. Head of global equities, Pruyn Haskins, says the bank believes the four nations have attractive economic fundamentals and growth prospects. He says together the four countries have 208 million people and represent about 40 per cent ...
Source: Canadian Business Online   Full article at: Canadian Business Online
 

 
Update
2

6 weeks ago

Negotiations on with other countries to sign new tax treaties: FM

Jul 15 2014 7:00am CDT | Source: Business Standard

The three other countries are Azerbaijan, Chile and Venezue ...
Source: Business Standard   Full article at: Business Standard
 

 
Update
1

6 weeks ago

 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Congo confirms six Ebola cases
Brazzaville, Aug 28 (IANS) Six cases of the Ebola virus have been confirmed in Democratic Republic of Congo (DRC), Health Minister Felix Kabange Numbi said Wednesday.
 
 
IMF chief faces investigation in corruption case
Paris, Aug 27 (IANS/EFE) International Monetary Fund (IMF) chief Christine Lagarde has been put under investigation in France for "negligence" after being questioned for hours in a corruption case, judicial sources said Wednesday. She denied wrongdoing.
 
 
Whale tourism affecting marine animals' behaviour
London, Aug 27 (IANS) Boat trips to watch whales and dolphins may increasingly put the survival of marine mammals at risk, conservationists have warned.
 
 
OPEC daily basket closes higher
Vienna, Aug 27 (IANS/WAM) The basket of 12 crude oils of the Organisation of Petroleum Exporting Countries (OPEC) stood at $99.82 a barrel Tuesday, compared to $99.09 Monday, according to the OPEC Secretariat.
 
 
 

Latest from the Network

UN Security Council urges for immediate ceasefire in Libya
United Nations, Aug 28 (IANS) The UN Security Council Wednesday adopted a resolution on Libya, calling for an immediate ceasefire while expanding sanctions on those who involved in the violence there. The 15-member...
Read more on Politics Balla
 
Cara Delevingne to star in 'Zoolander' sequel?
Los Angeles, Aug 28 (IANS) Model Cara Delevingne may star in the upcoming "Zoolander" follow-up alongside Ben Stiller. The 22-year-old model is said to be negotiating with the movies' star, Stiller, over the female...
Read more on Celebrity Balla
 
US fighter jet crashes in Virginia
Washington, Aug 28 (IANS) A US F-15C Eagle fighter jet crashed Wednesday morning near Deerfield in Virginia during a routine mission, Pentagon confirmed. "Air Force and civilian first responders are responding to the...
Read more on Politics Balla
 
Yemeni troops kill three Al Qaeda gunmen
Sana'a, Aug 28 (IANS) At least three Al Qaeda militants were killed in a raid by the Yemeni armed forces Wednesday, a security official said. Yemen's elite anti-terrorism unit stormed an Al Qaeda-held house in an area...
Read more on Politics Balla
 
Congo confirms six Ebola cases
Brazzaville, Aug 28 (IANS) Six cases of the Ebola virus have been confirmed in Democratic Republic of Congo (DRC), Health Minister Felix Kabange Numbi said Wednesday. A total of 42 cases have been reported since the...
Read more on Business Balla
 
Women come into their prime in 40s: Charlize Theron
Los Angeles, Aug 28 (IANS) Academy Award wining actress Charlize Theron says women come into their prime when they reach fourty, but society believes differently and treats them like dead flower. Theron says that...
Read more on Celebrity Balla
 
Sindhu progresses to pre-quarters at Worlds (Roundup)
Copenhagen, Aug 28 (IANS) One of India's best hopes P.V. Sindhu came out with a strong performance to enter the third round of the World Badminton Championships after earning a straight games win over Russian Olga...
Read more on Sport Balla
 
Delhi Half Marathon Nov 23
New Delhi, Aug 28 (IANS) The annual Delhi Half Marathon will be held Nov 23. The registrations for which was declared open here Wednesday. Approximately 32,000 people are expected to take part in the run which will...
Read more on Sport Balla
 
Paes, Sania win US Open openers
New York, Aug 28 (IANS) Indian tennis players Leander Paes and Sania Mirza won their respective doubles matches to advance to the second round of the US Open at the Flushing Meadows here Wednesday. Men's doubles...
Read more on Sport Balla
 
Jennifer Aniston feels pressure to have kids
Jennifer Aniston admits she feels under a lot pressure to have children. The 45-year-old actress, who has been engaged to fiancé Justin Theroux for two years, says she is often made to feel like she has failed as a...
Read more on Celebrity Balla