Tracy Shuchart (𝒞𝒽𝒾 )(@chigrl):Chile Cuts Copper Output Forecasts on Lower Grades, Maintenance Chile’s copper commission Cochilco lowered its forecasts for national production this year and next, providing further support for near-record prices amid tight global supplies. Output in the world’s largest copper-producing nation is projected to decline 2% to 5.3 million metric tons in 2026, weighed down by lower ore grades, scheduled maintenance and operational constraints. Globally, refined copper demand is expected to rise 1.5% this year and 2.3% in 2027, reaching 28.2 million and 28.8 million tons, respectively, with China remaining the main driver of consumption despite a weaker property market. (Bloomberg)

8hours ago

Chile Cuts Copper Output Forecasts on Lower Grades, Maintenance Chile’s copper commission Cochilco lowered its forecasts for national production this year and next, providing further support for near-record prices amid tight global supplies. Output in the world’s largest copper-producing nation is projected to decline 2% to 5.3 million metric tons in 2026, weighed down by lower ore grades, scheduled maintenance and operational constraints. Globally, refined copper demand is expected to rise 1.5% this year and 2.3% in 2027, reaching 28.2 million and 28.8 million tons, respectively, with China remaining the main driver of consumption despite a weaker property market. (Bloomberg)