Date: 01 July 2025 , 18:49
News ID: 12118

Chile delivers biggest copper output this year in tight market

me-metals: Chile posted its best month of copper production this year as the world’s largest supplier of the metal delivers some relief to tight global markets.

According to me-metals cited from mining.com, The country that accounts for about a quarter of the world’s mined copper churned out 486,574 metric tons in May, up 9.4% from the same month last year, according to data released Monday by statistics bureau INE.

Chile’s biggest monthly haul since December comes as mines recover from a series of operational setbacks and declining ore quality that sent production to 20-year lows. The recovery may help ease a squeeze on stocks at the London Metal Exchange as traders move metal to the US to front-run tariffs proposed by the White House.

Codelco and Antofagasta Plc are among mining companies looking to grow production.

source: mining.com