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2025-10-28 18:03:05
Copper Prices Fall from Highs, Chilean Production Expectations Suppress Market Sentiment: ⑴ Copper prices on the London Metal Exchange fell 0.9% to $10,900 per ton, failing to sustain the previous bullish trend of breaking through the $11,000 mark. ⑵ Despite market optimism regarding trade negotiations, mining giant Anglo American announced a review of its Chilean production guidance, putting pressure on the market. ⑶ The group's Collahuasi plant expects production to remain flat compared to 2025, and its previous forecast of 440,000-470,000 tons of Chilean copper production in 2026 faces revisions. ⑷ The current price correction suggests that fundamental factors are offsetting trade optimism, making supply-side changes a key variable influencing short-term trends.
