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Chile slashes its estimate for 2025 copper production growth
Chile's state copper commission slashed its 2025 growth estimate for the country's production, saying it now expected an increase of 1.5% from last year, half the 3% growth it had estimated in May. Cochilco said on Wednesday that production in the world's top copper exporter is expected to reach 5.58-million metric tons this year, maintaining its forecast for average copper prices in 2025 and 2026 at $4.30/lb. The commission said the slide in forecast growth was due to a June decline in production at BHP's Escondida mine, the largest copper deposit in the world, and at Collahuasi, which is jointly run by Anglo ... (full story)