Copper Under Pressure As Codelco Cuts Guidance, Glencore Faces Mounting Costs - United States Copper Index Fund ETV (ARCA:CPER), Global X Copper Miners ETF (ARCA:COPX)

The global copper market is digesting the latest risks, as multi-dimensional challenges emerge in key jurisdictions. Codelco, the world’s largest copper producer, has lowered its 2025 output forecast to a range of 1.31 to 1.32 million metric tons, down from its previous estimate of 1.34 to 1.37 million tons.According to Reuters, CEO Ruben Alvarado dismissed the risk of a reduction that would endanger the long-term goal of 1.7 million tons by 2030. Still, the cut reflects the persistent difficulties faced by ...