Chile's Copper Production Fell In April and Still Low Compared with The Same Period In Recent Years

According to data released by the Instituto Nacional de Estadísticas Chile, the country's copper output in April decreased by 1.1% year-on-year to 417,279 mt.

It was still the lowest in the same period in recent years, and also dropped significantly on the month.

In April, the disruptions to mines weakened, but the commissioning of new production capacity was also very limited. Meanwhile, the country's manufacturing output fell 6.4% over the period, the ONS said, below economists' expectations for a 3.0% fall.

More popular news:

Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

Glencore to Massively Expand Copper Capacity

SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged

SMM Daily Comments (Jun 1): Base Metals Mostly Rose with SHFE Aluminium Surging, Ferrous Metals Rose across the board, Iron Ore Skyrocketed

SMM Indonesia Nickel and Cobalt Industry Chain Conference: Global Nickel & Cobalt Supply and Demand Prospect, Impact from NEV Development

Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024