empty

30.10.202612:05:23UTC+00Chile Copper Output Falls Most Since 2017

Chile’s copper output fell sharply by 15.1% year-on-year to 387.87 metric tons in September 2026, its steepest drop since March 2017 and the third consecutive monthly decline. Finance Minister Jorge Quiroz cautioned that production could contract by 8% to 9% in 2026, a deterioration from his previous forecast of a 7% decrease, putting the world’s largest copper producer on course for its weakest annual output in more than two decades.

The slump is being driven by fatal mining accidents, extreme weather, operational disruptions, and years of underinvestment that have left aging deposits grappling with declining ore grades. The resulting supply shortfall is tightening conditions in the global copper market at a time when demand is being buoyed by heavy investment in data centers and power infrastructure. While mining investment is now picking up, new projects will take time to translate into higher production.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In October we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback