La compañía, cuyo desplome en bolsa en los últimos días ha arrastrado a mercados bursátiles en todo el planeta, está teniendo dificultades para pagar a sus acreedores, aunque la semana pasada rechazó rumores de una inminente quiebra.
Chilean copper output fell 1.98% in April, compared to the same month of 2020, due to volume decreases from major producers like Codelco, Escondida and Los Pelambres, according to data published by the country's copper commission, Cochilco, on Wednesday June 2.
Chilean copper production down 5% in February, Cochilco says Chilean mined copper output reached 425,500 tonnes in February, down by 5.02% from 448,000 tonnes in the same month last year, amid significant drops reported by Escondida and Los Pelambres, data from national copper commission Cochilco showed. This was the eighth consecutive month in which Chile recorded a year-on-year drop in production. In January-February, the country produced 882,700 tonnes of copper, down by 2.80% year on year from 908,100 tonnes, Cochilco said on Monday April 5.
Lower supply from Chile and Peru, coupled with resilient demand from Asian smelters, brought spot treatment.
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Chile copper production down 0.7% year on year in January Chile produced 457,100 tonnes of copper in January, down by 0.7% from 460,100 tonnes in the same month in 2020, the Chilean copper commission, Cochilco, said on Tuesday March 2. A decline in output at the BHP-majority-owned Escondida copper mine - the world’s largest – is likely to be the main reason for the small decline, with production there falling 11.6% to 84,700 tonnes in the first month of 2021, down from 100,900 tonnes in the corresponding period of 2020, according to Cochilco data.
The world’s biggest copper producer, meanwhile - the government-owned Codelco - reported output of 142,000 tonnes in January, a 19.4% year-on-year increase from 118,900 tonnes in January 2020.