Copper Producer Argues for Metal’s Continued Run
- Copper has risen 20 percent to the highest since 2014
- Antofagasta reported 42 percent jump in first-half sales
Ivan Arriagada, chief executive officer at Antofagasta, discusses his outlook for the company in the second half of the year, copper prices and what he thinks is the biggest risks to markets. He speaks on 'Bloomberg Daybreak: Europe.' (Source: Bloomberg)
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While Antofagasta Plc has been surprised by copper’s surge to a three-year high, the Chilean producer doesn’t see any reason why the good times won’t continue.
“Copper has been better in the short term than many people, including us, expected,” Chief Executive Officer Ivan Arriagada said in an interview Tuesday. The metal “will probably move sideways, with more moves up than down.”