Codelco CEO sees copper price steady at $2.80/lb through 2020

Codelco CEO Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80/lb through 2020.

Araneda, who has led Codelco through the coronavirus crisis in Chile, told reporters on a tour of the El Teniente mine that uncertainty still reigned.

The copper price "depends on what is happening in the world…but at the moment, that is the vision we have," he said.