Chile’s largest copper mine producer plans to raise its premium for European customers to $325 per ton from the previous $230, due to a supply shortage. This is attributed to a 10% decrease in production compared to last year and a 25% drop in output in August due to disruptions at the El Teniente mine. The El Teniente mine faced a production stoppage following an accident, affecting overall supply. The relevant authority states that the investigation of the incident will take several months, creating uncertainty regarding the resumption of full operations, which could impact copper prices in the short term. This ... (full story)