Chile, the world's largest copper producer, has significantly delayed its target for reaching peak annual output and cut production estimates for the coming years. The revised forecast points to persistent challenges from falling ore grades and adjustments to mining operations across the Andean nation. The new projections were detailed in a report from the state-run Chilean Copper Commission (Cochilco), outlining a less optimistic outlook for the global copper market's key supplier. According to Cochilco's 2025-2034 forecast, Chile's copper production is now expected to peak at 6.06 million metric tons in 2033. By ... (full story)