Home / Metal News / Lead / Chile April Copper Exports Drop To $3.58B Vs $3.89B April 2011
Chile April Copper Exports Drop To $3.58B Vs $3.89B April 2011
May 8,2012 08:46CST
industry news
Source:SMM
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.

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.

 

Chile copper exports

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn