LUBIN, Poland, March 3 (Reuters) - Europe’s No.2 copper producer, Poland’s KGHM, expects this year’s average copper price to be in a range of $6,000-6,600 per tonne, the group’s chief executive said on Tuesday.
“When it comes to (metals) prices in 2015 it’s hard to be an optimist,” CEO Herbert Wirth told Reuters.
“But for now I estimate that the average copper price will hover in the range of $6,000-6,600 per tonne, while the silver price average will come in at around $17 an ounce.”
The CEO added that a stronger dollar against the Polish zloty helps the state-controlled miner’s profitability, while the copper price’s climb towards the level of $6,000 a tonne would result in better results in the next quarters. (Reporting by Wojciech Zurawski; Writing by Adrian Krajewski; Editing by Marcin Goclowski)