Chile April Copper Exports Drop To $3.58B Vs $3.89B April 2011-Shanghai Metals Market

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Chile April Copper Exports Drop To $3.58B Vs $3.89B April 2011

Industry News 08:46:17AM May 08, 2012 Source:SMM

SANTIAGO, Chile, May 07, 2012 (Dow Jones) -- The value of Chile's copper exports in April fell to $3.58 billion from $3.89 billion a year earlier, the central bank said Monday.

Chile is the world's largest copper-mining country, producing a third of the global supply.

The Andean nation's mining industry, according to the central bank, represents about 16% of the country's gross domestic product.

The drop was due to copper fetching an average $3.75 a pound in April, according to state copper commission Cochilco's market data, versus the $4.30/pound it averaged in April 2011.

The nation's overall mining exports, including molybdenum, iron, silver, iodine and lithium, fell to $3.95 billion in April from $4.26 billion a year earlier.

In 2011, the value of Chile's copper exports rose 6% on the year to $42.63 billion, while the value of its mining exports grew 9% on the year to $48.15 billion.

 

Key Words:  Chile copper exports 

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Chile April Copper Exports Drop To $3.58B Vs $3.89B April 2011

Industry News 08:46:17AM May 08, 2012 Source:SMM

SANTIAGO, Chile, May 07, 2012 (Dow Jones) -- The value of Chile's copper exports in April fell to $3.58 billion from $3.89 billion a year earlier, the central bank said Monday.

Chile is the world's largest copper-mining country, producing a third of the global supply.

The Andean nation's mining industry, according to the central bank, represents about 16% of the country's gross domestic product.

The drop was due to copper fetching an average $3.75 a pound in April, according to state copper commission Cochilco's market data, versus the $4.30/pound it averaged in April 2011.

The nation's overall mining exports, including molybdenum, iron, silver, iodine and lithium, fell to $3.95 billion in April from $4.26 billion a year earlier.

In 2011, the value of Chile's copper exports rose 6% on the year to $42.63 billion, while the value of its mining exports grew 9% on the year to $48.15 billion.

 

Key Words:  Chile copper exports