Chile Copper Production Down In Jan-July: INE

CHILE August 31 2016 6:10 PM

SANTIAGO (Scrap Register): Chile copper production down by 1.5% month-on-month to 447,558 metric tons during July this year, as per the latest figures released by the Statistics Institute INE. INE attributed the decline to lower ore grades at a number of copper mines.
But the fall is lower than the monthly drop of more than 5% recorded in the previous three months. Copper production during the first seven months of the year totaled 3.227 million mt, down 5% from the same period of 2015.
Chile is the world's largest producer of copper, accounting for around 30% of global mine production.