Chile Foresees High Copper Prices
Source: Reuters (4/20/11)
"World's top copper producer sees prices staying above the 2010 average."
Copper averaged $3.42 per pound in 2010, according to data compiled by the Chilean government.
Wagner said average copper prices could spike to around $4.50 per pound in 2011 and $4.70 per pound in 2012 before starting to decline.
Copper prices in London CMCU3 climbed 1.4 percent to more than $4.28 per pound on Wednesday, helped by expectations of further signs of revival in the U.S. housing sector.