Chile’s Copper Output Dips in March, Codelco Records Decline
Data released by Chile’s copper commission Cochilco on Friday revealed a slight decrease in copper production in March, with a mixed performance among major mines in the country.
While output at Codelco, the world’s leading copper supplier, declined by 10.1% to 107,300 tonnes, other key mines demonstrated varied trends.
BHP’s Escondida mine, boasting the largest known copper deposit globally, recorded a 9.7% increase, reaching 101,400 tonnes. Conversely, production surged by 16.1% at the Collahuasi mine, jointly operated by Glencore and Anglo American, totaling 49,800 tonnes.
Despite these fluctuations, Chile’s overall copper output saw a modest 0.7% decline year-on-year, settling at 433,300 tonnes for March, according to Cochilco’s data.
