Chile Copper Output Rebound after Falling to 6-year Low Substantially Mitigates LME Copper Inventory Shortages

Copper output in Chile is rebounding rapidly after falling to a six-year low this year due to water constraints and a series of operational setbacks and delays to key projects.

Given that Chilean copper accounts for a quarter of the world's copper mining, this could provide a major relief from tight inventories on the London Metal Exchange (LME), which were at near 18-year lows.