With no recovery in sight, lithium prices force miners to reevaluate output
The price of the material that’s vital to the energy transition has plunged by around 80% since late 2022.
Chile copper production increased 8.3% year on year in February while manufacturing output increased 3.7% in the same period, the INE government statistics agency said on Tuesday.
Production of copper, of which Chile is the world´s largest supplier, reached 451,580 tonnes.
Manufacturing production, up from 3.4% increase in January, showed a recuperation in the economy after a wave of social protests that started in October, and before the impact of the new coronavirus which was first reported in Chile at the end of February.
(By Aislinn Laing; Editing by Andrew Heavens)
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