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Home / Metal News / Chile's copper production in May reached the highest level of the year, easing tensions in the copper market

Chile's copper production in May reached the highest level of the year, easing tensions in the copper market

iconJul 1, 2025 13:58
Source:SMM

On June 30 (Monday), Chile's copper production in May reached its highest level of the year, somewhat alleviating the supply tightness in the global copper market.

According to the National Statistics Institute (INE) of Chile, the country's copper production in May was 486,574 mt, representing a 9.4% increase year-on-year.

Chile is the world's largest copper producer, accounting for about a quarter of global copper ore production.

Previous operational constraints and a decline in ore grades had led Chile's copper production to fall to a 20-year low. The rebound in May's production may help ease the inventory tightness at the London Metal Exchange (LME).

Mining companies such as Codelco and Antofagasta Plc are seeking to increase production.

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