智利Cochilco上调铜价预估，因全球前景改善

Group 1 - Cochilco raised its average copper price forecast for 2025 and 2026 to $4.30 per pound, up from the previous estimate of $4.25 per pound made in February [1] - The organization expressed cautious optimism regarding copper price prospects, acknowledging tighter global supply conditions than previously expected and strong demand fundamentals [1] - The recent agreement between the US and China to reduce high tariffs for at least 90 days has significantly alleviated trade barriers, improving global trade confidence [1] Group 2 - Codelco and Antofagasta Minerals, the largest copper producers, reported increased production in the first quarter, with Codelco's output rising by 5.2% in April [1] - Despite the increase in domestic production, global supply growth is expected to be much lower than previously anticipated, with a revised forecast of 1.3% growth this year, down from 4.7% [1] - Cochilco predicts a 3% increase in Chile's copper production this year and a continued 3% increase in 2026, reaching 5.84 million tons [2]