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Chile's Cochilco sees nation's 2017 copper output at less than 5.6 million tonnes
April 13, 2017 / 1:58 PM / 5 months ago

Chile's Cochilco sees nation's 2017 copper output at less than 5.6 million tonnes

SANTIAGO, April 13 (Reuters) - Chilean copper commission Cochilco forecast on Thursday that the nation would produce slightly less than 5.6 million tonnes of copper in 2017, down from a previous forecast of 5.79 million, due largely to a strike as BHP Billiton’s Escondida mine.

The body estimated copper prices would average $2.60 in 2017, up from a previous forecast of $2.40, due to tighter supply for the red metal and increasing demand. (Reporting by Gram Slattery; Editing by Chizu Nomiyama)

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