KGHM CEO sees copper price at around $6,000 this year

Glogów Copper Smelter and refinery

Image courtesy of KGHM

The chief executive of Polish miner KGHM expects copper prices to fluctuate around $6,000 per tonne by the end of the year, he said on Wednesday.

“I do not see any reasons for a radical deterioration in price parameters. I think one should expect the copper price to oscillate around $6,000 per tonne by the end of the year,” Marcin Chludzinski told Reuters.

Benchmark copper on the London Metal Exchange was up 0.4% at $5,991 a tonne by 0954 GMT.

Chludzinski did not rule out that KGHM may in future tap foreign markets with a bond issue, but did not expect any more debt issues this year.

(By Wojciech Zurawski and Agnieszka Barteczko; Editing by Jason Neely)

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