November 21, 2025–Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)–Cochilco, the Chilean mining authority, has raised its copper price forecast for this year and next. Initially expected at US$4.3 per pound in 2025 and 2026, Cochilco now expects its copper price for 2025 to be US$4.45 per pound and for 2026 to be US$4.55 per pound.
The price increase is the result of the U.S. dollar weakness, changes by the U.S. Federal Reserve, lower-than-expected copper supply, and geopolitical tensions.
