Copper output from Chile's Codelco dips in July
SANTIAGO - Copper output at Chilean State miner Codelco, one of the world's largest copper producers, fell 5% from a year earlier in July to 112800 tons, data from state copper commission Cochilco showed on Thursday.
The latest Codelco copper production data extends a weak run for the company as it battles operational setbacks at key mines.
Production at BHP-controlled Escondida, the world's biggest copper mine, slumped 22.1% to 89400 tons.
Output at Collahuasi, jointly owned by Anglo American and Glencore, rose 12.3% to 38400 tons.
Chile's overall copper production fell 9.4% in July, with the statistics agency blaming severe weather in the north and maintenance at major operations.
Cochilco said in August it expects Chile's copper output to dip around 2.5% in 2026 before rebounding next year.
