Chile Copper Production Surges in May, Easing Global Supply Pressure

Post Views: 243 Chile copper Chile’s Copper Output Rebounds in May 2024 Chile delivered its strongest copper production of the year in May, producing 486,574 metric tons—a 9.4% increase year-on-year. This marks the highest monthly copper output since December, according to Chile’s National Statistics Institute (INE). The rebound offers a measure of relief to a tight global copper market, which has faced persistent supply constraints. The world’s leading copper producer, Chile accounts for approximately 25% of global mined copper. This surge in output follows months of operational c...