Articles Tagged "Chile"

Cormark Securities Ups Long-Term Copper Price Forecast

In its latest Base Metals update, Cormark Securities upped its forecast for long term copper prices from $2.75 to $3 per pound, citing concerns over supply. While the firm admitted that it might seem counterintuitive to put in bullish predictions now, when copper prices are low and oversupply is apparent, but it argued that higher prices will be needed to sustain the industry within the next few years.

Rio Tinto’s Jean-Sébastien Jacques: World on the Edge of a New Metals Age

This week was CESCO week in Santiago, Chile. It's one of the more notable events in the copper space, and at this year's conference, Rio Tinto's chief executive for copper and coal, Jean-Sébastien Jacques, shared his thoughts on the long-term outlook for copper and what the industry needs to be focused on right now.

CRU Doesn’t See a Swift Recovery for Copper Prices

CRU director of copper research and strategy, Vanessa Davidson, suggested that the worse could be over for copper prices, but also stated at the recent CRU copper conference that the metal is unlikely to see a swift recovery, Reuters reported. In spite of recent supply troubles and slightly more optimistic price outlooks from some analyst firms, CRU sees the market heading into surplus next year.

Teck Resources and Antofagasta Deny Merger Talks

Following a Bloomberg report put out Monday suggesting that Teck Resources and Antofagasta were in talks regarding a merger, both companies have put out press releases denying that claim. The article from Bloomberg stated that Teck and Antofagasta had conducted early-stage talks, although it noted that the miners both said they were not currently in negotiations.