Chile copper output falls 14% y/y in May

Reuters | June 30, 2023 | 5:48 am Markets Latin America Copper 
Chile copper output falls 14% in May
Lomas Bayas copper mine in Chile. (Image courtesy of Glencore.)

Copper output in Chile, the world’s largest producer, dropped 14% year-on-year in May to 413,083 tons, the country’s INE statistics agency said on Friday.

Manufacturing production in the country, meanwhile, decreased less than expected by 1.2% in the period, the INE added. Economists polled by Reuters had forecast a 4.5% drop.

(By Natalia Siniawski and Fabian Andres; Editing by Christina Fincher)

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