Copper prices will adjust to the background of Codelco nationalization
Sunday, July 4th, 2010Copper prices could rise significantly. The Chilean Government is ready to part corporatize national copper producer Codelco in case of a public consensus on this issue. , Said Finance Minister Felipe Larren, speaking at an investment conference. “We do not have any ideological issues concerning the listing of shares Codelco. However, this would require constitutional reform. We do not want to force the issue or move on to the battles for the project, causing a hot public reaction,” – said F. Larren.