Chile's copper production fell 2.2% year on year in Q1 2021, according to government statistics agency INE.

His son Alejandro Bailleres was named president of the five main firms comprising the business conglomerate Grupo Bal.

The state-owned producer churned out 386,000 metric tons from its own mines in Chile, up 7% from a year ago.

The new discovery is an extension to the high-grade silver-zinc-lead mineralization at Tiria-Shimpia.

Companhia Portuária Baía de Sepetiba, Vale's port subsidiary, was fined $430,348 after an inspection.

Chile's copper production fell 2.2% year on year, to 1.4 million tonnes, in the first quarter of 2021.

The new discovery, named the Novo zone, was found about 200 metres below the existing infrastructure of the Vermelhos mine.

Economies reopening coupled with massive stimulus, faster-than-expected vaccine rollouts, and supportive fundamentals all point to even higher prices, said ING Bank.