SANTIAGO, May 14 (Reuters) - The state-run Chilean

Copper Commission (Cochilco) will soon revise its copper price

outlook, which will be considerably higher than the previous

forecast, the body's technical head said on Tuesday.

Patricia Gamboa, Cochilco's head of studies, said that an

upcoming review of the copper price projection will be

"considerable" compared with the latest calculation.

Copper price projections have been growing due to an

increase in demand for the energy transition and electric

vehicles, while supply appears sluggish.

Going forward, Cochilco is "moderately optimistic" on

how copper prices will evolve, Vice President Joaquin Morales

told journalists.

In January, Cochilco had projected a price of $3.85 per

pound by 2024.

During a separate presentation to Congress minutes

later, Finance Minister Mario Marcel presented an upward

adjustment in the projection of the price of the metal for this

year to $4.20 per pound, from the previous $3.84.

Marcel highlighted the "apparently more persistent

nature that this improvement in the price of copper will have"

not only for this year, but for the following.