SG:Southern Copper sees copper prices at USD 5 per lb next year
Mr Oscar Gonzalez Rocha CEO and President of Southern Copper Corporation predicted that the copper prices would be at around USD 4.3 per ib to USD 4.5 per lb next year higher than the previous forecast.
In fact, Southern Copper had ever predicted that the copper price would be at USD 3.85 per lb in 2011.
However, Mr Gonzalez Rocha currently raised the forecast of average cooper prices for this year to USD 4.3 per lb as the copper prices exceeded the forecast in the H1 of this year.
Mr Gonzalez Rocha indicated that the copper prices would have better performance in 2012. The demand from China and newly emerging nation will support the copper prices to stay firm.
