BASE METALS

Chile's copper production slower start to 2021

Chile’s copper production fell to its lowest monthly production level for two years as output reached 425,500 tonnes, according to state copper agency Cochilco, 6.9% lower than the 457,200t recorded in January and 5% down on the 448,000t in February 2020.

The Collahuasi copper mine in Chile

The Collahuasi copper mine in Chile

Production in 2020 fell just 5% in 2020 to 5.7 million tonnes, despite the COVID-19 pandemic but with the sector still operating under restrictions, it is continuing to slide.

Year-to-date production is down 2.8% at 882,700t compared to 908,100t in 2020 with BHP-controlled Escondida and Antofagasta Minerals' Los Pelambres, two of the country's biggest copper operations, having a slower start to the year with output down 14.9% and 11.8%, respectively.

Conversely, state copper company Codelco has seen a 10.7% increase in its year-to-date output at 264,800t, with its Chuquicamata division up 23.3% at 128,900t. Collahuasi and AngloAmerican's Sur operation are up 9.1% and 8%, respectively.

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