Chile to cut 2025 copper price forecast, WSJ reports
The Chilean government will cut the estimated average price to $3.90 to $4 a pound from a current projection of $4.25.
An ongoing avalanche of lithium supply, coming mostly from Australia, as well as cuts to China’s electric-vehicles (EVs) subsidies have caused prices for the battery metal to fall more than 40% over the past year, knocking profits for the largest...
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