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Copper may have peaked for Cochilco

ByVictoria

Chile’s state copper commission Cochilco on Monday said that prices for the red metal have likely already peaked this year amid an escalating trade war, as U.S. President Donald Trump threatened to further increase tariffs on China.

“Base metals, including copper, are likely to have peaked in 2025 as they will be negatively impacted by the trade dynamics between the U.S. and China,” Cochilco said in a statement.

Cochilco said that if current economic and geopolitical conditions continue, its forecast would weaken.

Source – Reuters

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