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Antofagasta cuts 2022 guidance as drought concerns persist

Antofagasta has confirmed copper production will fall in 2022, as water shortages intensify at its Chilean operations.

William Clarke
Antofagasta's Los Pelambres mine in Chile

Antofagasta's Los Pelambres mine in Chile

Alongside an otherwise solid set of September quarter production results released on Wednesday, Antofagasta forecast copper production of 660,000-690,000 tonnes for next year, down 7% from 2021 guidance...

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