View full page at metalsmine.com

 

Codelco copper slump underscores global mine supply challenges

From miningweekly.com

Codelco, the world’s biggest copper supplier, saw production fall 9.3% last quarter from a year prior, the latest example of supply-side challenges for metal markets. The results delivered Friday by Chile’s state producer reflect a disappointing year of output for a nation that accounts for about a quarter of the world’s mine supply. On the same day, the South American country’s copper commission projected a 3.4% annual drop in domestic production amid declining ore quality, water restrictions and union protests.Mines globally are grappling with logistical challenges exposed by the pandemic and exacerbated by ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis