Top Copper Producer Chile Extends Run of Supply Disappointments
- Production in May came in 14% below year-earlier levels
- Chile hit by project delays, mine setbacks, plant maintenance
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Chile reported another monthly decline in copper output, extending a run of supply disappointments in a nation that accounts for a quarter of global supply.
Production in May came in 14% below year-earlier levels, the fourth straight slump, according to national statistics agency data released Friday. The result dashes hopes of a recovery after export data suggested some of the world’s biggest copper mines may be putting recent setbacks in the rear-view mirror.