US has second-longest mine development timeline in the world, S&P Global says
Mines in the US go from discovery to production on an average of 29 years.
Copper output in Chile, the world’s largest producer of the red metal, decreased 3.1% year-on-year in November to 444,905 metric tons, the country’s INE statistics agency said on Friday.
Manufacturing production in the Andean nation rose 4.5% in the period, INE added.
(By Fabian Andres Cambero and Gabriel Araujo; Editing by Steven Grattan)
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