Copper production will be reduced by 73,300 tonnes in Chile this year due to the Covid-19 pandemic, the country's minister of mining, Baldo Prokurica, said in a television interview on Thursday April 29.
"We are one of the less hit countries in comparison with other copper producers," Prokurica told Emol TV. "We have been hearing 25-30% production cuts [around the world], which hopefully will present fundamentals for prices to go up."Chilean copper commission Cochilco compiled those output reduction figures, the minister added. Cochilco forecast on April 3 that Chile would produce 5.79 million tonnes of copper this year,...