CommoditiesMedium•30 October 2026•
1 min read
Chile's Cochilco Cuts Copper Output Forecasts, Raises Price Estimates for 2026
Key Facts
1The Chilean Copper Commission (Cochilco) cut its 2027 copper production forecast to 5.08 million metric tons.
2The commission raised its copper-price forecasts to $6.18 a pound for 2026 and $5.95 for 2027.
3Major operations run by Codelco and BHP Group accounted for 77% of the net decline in production.
The Chilean Copper Commission (Cochilco) cut its 2027 copper production forecast to 5.08 million metric tons. Mining.com reported that the commission simultaneously raised its copper-price forecasts to $6.18 a pound for 2026 and $5.95 for 2027.
Major operations managed by BHP Group and Codelco accounted for 77% of the net decline in production, as mines face operational accidents and extreme weather conditions. BHP closed at $81.82 on October 29, 2026.