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Chile mine delays to slow copper growth; peak seen lower, later - regulator
Copper production in Chile, the world's largest producer of the red metal, will grow at a slower rate this decade than previously hoped, a government report seen by Reuters showed, with peak output later and lower than estimated a year ago. Likely output of the red metal will peak at some 7.14-million tonnes in 2030, two years later than anticipated as delays hit mining projects in the Andean nation, according to an unpublished report from regulator Cochilco obtained by Reuters.That is well below the 7.62-million-tonne 2028 peak the regulator had estimated in its decade outlook a year ago. "Lots of important ... (full story)
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- Posted: Jan 26, 2023 3:24am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 107
