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SANTIAGO, July 28 (Xinhua) -- Chilean Mining Minister Aurora Williams said on Friday the government was upgrading its price projections for copper in 2017, from 2.60 to 2.64 U.S. dollars a pound on the world market.
The prices for copper, Chile's main export product Cheap Eli Manning Jersey , in the year of 2018, were also adjusted, up from 2.60 to 2.68 dollars per pound.
"The rise in 2017 is due in part to the improved performance of China's economic indicators, which surpassed market forecasts," Williams said at a press conference.
China's economy continued steady expansion in the first half of this year with the GDP up 6.9 percent year on year, according to the latest data released by Chinese authorities. The reading is well above the government's target for the year of 6.5 percent.
Another factor was lower expectations that the U.S. Federal Reserve will increase its benchmark interest rate more than once in the second half of the year Cheap Landon Collins Jersey , she said.
Meanwhile, Sergio Hernandez, the executive vice president of the Chilean Copper Commission (Cochilco), said that global copper demand in 2017 was expected to reach 23.6 million tons, or 1.5 percent more than in 2016.
"In the second half of the year, Cochilco expects foundries that were under maintenance in China to begin operating Cheap Odell Beckham Jr Jersey , a reduction in the availability of scrap metal, a recovery in inventories and greater stability in economic growth, which will lead to a recovery in copper demand," said Hernandez at the press conference.
In 2018, global copper demand is expected to reach 24 million tons.
Chile's economy has slowed down since 2013, in part due to falling prices for its main export.
Xi honors military officers Cheap Lawrence Taylor Jersey , unit ahead of Army Day
China holds grand gala for PLA 90th birthday celebration
China promotes 5 officers to general
7th meeting of BRICS High Representatives for Security Issues held in Beijing
Big year for China's military as PLA to celebrate 90th birthday
China's biggest automated cargo wharf to start operation by end of 2017
Hukou Waterfalls in N China enter summer flood period
Chinese research vessel "Kexue" conducts operation in South China Sea
LOME, Aug. 8 (Xinhua) -- Togo's Prime Minister Selom KomiKlassou on Tuesday urged African countries to consider trade asdriver for substantial growth of wealth.
He expressed this in his opening speech of the special sessionsof private sector and civil society representatives as part of the16th Forum of the African Growth and Opportunity Act (AGOA) themed"The U.S. and Africa: Partnering for Prosperity through Trade" inLome, capital of Togo.
"The Lome sessions must serve as catalyst to fulfill our shareddreams and actually consider trade as unavoidable driver forsubstantial growth of wealth of our nations and improve the livingconditions of our people," Klassou said.
Over a thousand participants from 38 Sub-Saharan Africancountries and the United States are expected at the three-dayforum.
Tuesday's sessions gathered private sector and civil societyrepresentatives as well as U.S.-sponsored African Women'sEntrep. Cheap Chiefs Jerseys Cheap Bengals Jerseys Cheap Bears Jerseys Cheap Titans Jerseys Wholesale Steelers Jerseys Wholesale Seattle Seahawks Jerseys Wholesale Washington Redskin Jerseys Wholesale Los Angeles Rams Jerseys Wholesale Oakland Raiders Jerseys Wholesale New England Patriots Jerseys