Chile Copper Production Seen Recovering From January’s Slump
- Copper output declined 7.5% in January from the prior year
- Production is expected to increase in 2023: Hernandez
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Chilean copper production is expected to recover from the leanest January in more than a decade to register a similar annual haul as last year, according to the president of the country’s mining society.
The world’s biggest supplier saw output slide 7.5% from January 2021, with lower ore quality and water scarcity among the reasons. In some cases, the factors holding back output are temporary, said Diego Hernandez, a former chief executive of Codelco and Antofagasta Plc, who now heads Sonami.