Chile’s copper production declined by 2.1pc to 493,538mt in November from 504,349mt in the same month in 2019, according to the National Institute of Statistics and Informatics (Inei).
However, the South American country’s overall mining production rose by 0.6pc in November this year on an annual basis after the country’s non-metallic and metallic mineral mining production increased by 12.8pc and 0.2pc, respectively, Inei noted.
Chile’s industrial and manufacturing production declined by 0.7pc and 1.7pc, respectively last month compared to November 2019, Inei added in its statistical report for the month.
Between January and October, Chile’s copper production rose by 0.3pc to 4.74mn mt year-on-year. Chile copper production is expected to rise by 0.6pc to 5.8mn mt this year. Copper prices reached $3.51/lb on Dec 31, down by 0.79pc compared to the prior day, according to the Chilean Copper Commission (Cochilco).