The Chilean Copper Commission (Cochilco) has recently released its forecast for Chile's copper production from 2022 to 2033, which shows that Chile's copper production is expected to exceed 6 million mt in 2025 and rise to 6.58 million mt in 2033, a 17% increase compared to 2021 but lower than previous forecast.
The reports suggests that many of the country's mining projects, which are important for copper output in the next decade, have not progressed during the spread of covid-19 epidemic.
In addition, the report downgraded its forecast for Chilean copper production peak to 7.14 million mt in 2030, which is 2 years later than previous forecast.
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