Copper prices to stay above 2010 average over the next 3 years – Chile

World top copper producer Chile sees copper prices staying above the 2010 average during the next three years, Deputy Mining Minister Pablo Wagner said on Wednesday. Copper averaged $3.42 per pound in 2010, according to data compiled by the Chilean government.Wagner said average copper prices could spike to around $4.50 per pound in 2011 and $4.70 per pound in 2012 before starting to decline.

Copper prices in London CMCU3 climbed 1.4 percent to more than $4.28 per pound on Wednesday, helped by expectations of further signs of revival in the U.S. housing sector. (Reporting by Alonso Soto; Writing by Brad Haynes; Editing by Padraic Cassidy)

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