Copper price surge masks Chile mining woes

Post Views: 143 Copper Prices Copper price surge highlights Chile export paradox The copper price surge has lifted Chilean export values despite weakening mine output. January copper shipments reached $4.55 billion, according to Chile’s central bank data. This figure marked a 7.9% increase from last year. However, copper prices jumped 34% during the same period. As a result, higher prices concealed declining physical production volumes. Chile produces about one quarter of global mined copper. Therefore, sustained output declines carry serious implications for global supply. Chile recorded annu...