Core Viewpoint - The copper price on the London Metal Exchange (LME) has surpassed $4.9 per pound due to global supply tightness and sustained demand, contrary to earlier expectations of a supply surplus for the year [1] Supply and Demand Dynamics - Supply disruptions in Indonesia's Grasberg and Chile's Teniente mines have significantly impacted market supply [1] - The announcement by智泰克公司 regarding a reduction of 40,000 tons in copper production at its Cabralda Blanca mine further exacerbates supply concerns [1] Economic Implications for Chile - The Chilean Ministry of Finance's copper price forecast for the 2025 budget was set at $4.09 per pound, while the current average price has reached $4.35 per pound, exceeding expectations and last year's levels [1] - An increase of 1 cent in actual price can yield approximately $50 million in additional revenue, suggesting that Chile's finances could benefit from over $1.3 billion in extra income by 2025 [1] Future Price Projections - Bank of America has raised its copper price forecast for 2026 from $4.62 per pound to $5.13 per pound, with further increases anticipated to $6.12 per pound by 2027 [1]
铜价持续飙升创16个月新高 智利2025年财政收入有望增加13亿美元
Shang Wu Bu Wang Zhan·2025-10-11 16:29