Copper prices edged higher after Cochilco, Chile’s state copper commission, lifted its outlook for 2025 and 2026, signalling expectations of tighter supply amid production challenges in the world’s largest producer. The commission now expects copper to average $4.45 per pound in 2025 and $4.55 in 2026, citing disruptions to output and sustained demand from the green transition sector. The upward revision reinforced bullish sentiment across global metals markets, though the price reaction was restrained by broader macroeconomic uncertainty. The rally in copper was tempered by caution ahead of the Federal Reserve’s ... (full story)