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Chile's Codelco boosts copper output by 7.5% in September, annual production lags

From reuters.com

Chile’s Codelco, the world’s top copper producer, boosted output by 7.5% in September to 145,300 tonnes, Chilean copper commission Cochilco said on Thursday, though its total production for the year continued to lag. The state miner saw its production in the first nine months of 2019 drop 6.7% versus the previous year, reaching 1.2 million tonnes by September, Cochilco data showed. State miner Codelco and other top producers were forced to suspend operations earlier this year as unusually heavy rain and electric storms struck much of Chile’s northern mining country, cutting off roads and collapsing bridges. BHP’s ... (full story)

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  • Category: Fundamental Analysis