Chile's Cochilco sees copper price down 45 cents to $2.4 per pound in 2020
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SANTIAGO, April 3 (Reuters) - Chile's Cochilco copper commission on Friday revised its prediction for the 2020 copper price down 45 cents to $2.4 per pound.
Cochilco's estimate came amid a significant downturn in demand principally from Chile's main copper buyer China amid a global outbreak of the new coronavirus.
Cochilco's previous estimate of $2.85 was in January. By 2021, it expects the metal to average around $ 2.90 per pound, lower than the $ 2.95 forecast earlier this year. (Reporting by Aislinn Laing Editing by Chizu Nomiyama)
