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Chile's mining sector expands 2.5% in April as copper production up - report

Kitco Media
By Vladimir Basov
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(Kitco News) - According to Chile's National Institute of Statistics (INE), the country's industrial production index (IPI) contracted by 2.0% in April 2023 y-o-y due to a decline in Chile's manufacturing sector, while mining and electricity, gas and water sectors were up.

INE said that the domestic mining sector (IPMin index) increased by 2.5% in April 2023 y-o-y, primarily as a result the higher activity registered in the country's metallic mining subsector, which was up 2.7% y-o-y due to the increase in the extraction and processing of copper.

According to the report, Chile, the world's largest producer of copper, mined 417,279 tonnes of copper in April 2023.

INE added that Chile's manufacturing production index (IPMan) decreased by 6.4% in April 2023 compared to the same month of the previous year, primarily due to the decline in manufacturing of chemical substances and products.

The agency also reported that the country's electricity, gas and water index (IPEGA) increased by 1.7% in April 2023 compared to April 2022 due to the growth in all three activities that make up the index.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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