SANTIAGO, Jun 15, 2010 (Dow Jones Commodities News via Comtex) -- The value of Chile's copper exports in May rose to $2.76 billion from $2.11 billion in the same month the previous year, the central bank reported Tuesday, mostly on higher international copper prices.
Chile's overall mining exports, including molybdenum, iron, silver, iodine and lithium, rose to $3.13 billion in May from $2.29 billion a year ago.
According to state copper commission Cochilco, spot copper prices averaged $3.10 a pound on the London Metal Exchange in May, significantly higher than the $2.07/lb the metal averaged the same month last year.
Accumulated copper exports for the first five months of the year rose to $15.43 billion from $8.83 billion in the same 2009 period, while overall mining exports increased to $16.8 billion from $9.95 billion.
Chile is the world's largest copper producer, accounting for about a third of global production. It is also one of the world's biggest producers of iodine, lithium and molybdenum.