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bogfiton May 02, 2021 12:11pm
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Chile copper output fell 1.3% in March
Chile copper output fell 1.3% in MarchThe world’s top copper producer Chile saw output of the red metal fall for the tenth consecutive month in March, government statistics agency INE said on Friday. Copper output fell 1.3% in March, to 491,720 tonnes, the agency said, coinciding with a raft of new restrictions on movement and commerce, following the Southern Hemisphere’s summer holidays.
Chile’s sprawling mines have fared far better than those of many neighbors, as mining companies adjusted quickly to the pandemic, ratcheting up health restrictions and slashing on-site staff. But some copper mines, including BHP’s Escondida, the world’s largest, have seen production slide in recent months as fatigue mounts.
Falling ore grades and maintenance work at some large mines have also slowed output, the agency said. Chile’s copper production fell 2.2% year on year, to 1.4 million tonnes, in the first quarter of 2021, according to INE’s statistics.
https://www.mining.com/chile-output-falls-for-10th-consecutive-adding-fuel-to-copper-price-rally/
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