Copper output in Chile, the world’s largest producer of the metal, edged down in March, data from copper commission Cochilco showed on Friday, as production slid at state-run miner Codelco COBRE.UL but rose at other major mines in the country.
Output at Codelco, the top global supplier of the red metal, slid 10.1% to total 107,300 metric tons in March, while at the BHP-controlled Escondida mine, which holds the world’s largest known deposit, output rose 9.7% to reach 101,400 tons.
At the Collahuasi mine, which is jointly run by miners Glencore and Anglo American, the data showed a production jump of 16.1% to total 49,800 tons.
Overall, however, the country’s copper output slipped 0.7% from a year earlier to settle at 433,300 tons, according to Cochilco.
Read More: Copper price touches $10,000 again as Goldman sees ‘stockout’ risk
(Reporting by Fabian Cambero; Writing by Sarah Morland; Editing by David Alire Garcia)
