SANTIAGO, March 6 (Reuters) - Codelco, the world’s biggest copper producer, forecasts prices for the base metal to end 2015 at around $2.75 or $2.80 per pound, the company’s chief executive said on Friday.
The state-run Chilean company had previously expected prices of about $3.00 per pound. “In the long term I still think it will be that number,” Pizarro told reporters at a press conference.
Spot copper prices closed on Friday at $2.64 per pound. (Reporting by Fabian Cambero, Writing by Rosalba O‘Brien)