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Chile cuts copper production forecast for 2013 as global slowdowns impact demand

Posted on 10 July 2013

Chile, the world’s top copper producer, said Tuesday it expects to produce 5.53 million metric tons of the red metal in 2013, down from its previous forecast of 5.58 million tons, which was announced in April.
Chilean authorities attributed the lower estimate to two factors, delays at the Caserones mine managed by Japan’s JX Holdings and lower forecasts for output from the Spence and Esperanza deposits. These factors combine with Chile’s aging mines and labor unrest to curb output………………………………………..Full Article: Source


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