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Larran and Cochilco discount on copper prices: "We are looking at projection a little longer"
Tuesday, July 24, 2018
Economics and Online Business
Emol
Minister of Hacienda , Felipe Larran, is referred Tuesday to the reduction in the projection of the price of red metal in 2018, made by the Chilean Copper Commission (Cochilco), which established an average value of US $ 3.00 per pound .
This figure is lower than previously estimated, distancing itself from the update made by the Ministry of Finance two weeks ago.
"Right now, someone knows the average annual copper, three eleven less, so we do not do the projection for a day, we make a medium-term projection, understanding that it This is an annual projection, "explained Larran, who accompanied President Sebastin Piera at the Pacific Alliance Summit held in Puerto Vallarta, Mexico. [19659007] With this, the tax portfolio holder stated that "we are not trying to show what will happen one day. For example, what happened for seven consecutive sessions lowered the price of copper, then it recovered three consecutive sessions, reached US $ 2.70 and is now at US $ 2.80 . Without a doubt, we are following the price of copper, we are worried, but we are looking at a slightly longer projection. "
In this line, Larran states that" we hope that he recovers and what we have said, as all badysts, even the one you mention to me, that the price of copper is about $ 3 or about $ 3. "
" Therefore, you think that it is a circumstantial effect, compared to what is happening in this moment that has a lot to do with the trade war and we hope that the price of copper will recover " , he concluded.
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