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Chile Copper Slump Deepens as Storms, Accidents Hit Aging Mines

Bloomberg Markets Thursday 22 October 2026, 19:46 UTC By James Attwood and Carolina Gonzalez 1 min read
Key Points

Chile Copper Slump Deepens as Storms, Accidents Hit Aging Mines Chile’s copper production will likely fall 8% to 9% this year, Finance Minister Jorge Quiroz said, worsening his outlook for a slump in the top-producing nation amid a string of deadly accidents and extreme weather. The forecast, delivered in a speech Wednesday, compares with a roughly 7% decline Quiroz projected in September, when he said output would partially recover in 2027. Chile is now heading for its weakest year of...

Chile Copper Slump Deepens as Storms, Accidents Hit Aging Mines Chile’s copper production will likely fall 8% to 9% this year, Finance Minister Jorge Quiroz said, worsening his outlook for a slump in the top-producing nation amid a string of deadly accidents and extreme weather. The forecast, delivered in a speech Wednesday, compares with a roughly 7% decline Quiroz projected in September, when he said output would partially recover in 2027. Chile is now heading for its weakest year of copper output in more than two decades.
Chile Copper Slump Deepens (ORG) Finance (ORG) Jorge Quiroz (PERSON) Quiroz (ORG) Chile (LOCATION)
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