(Bloomberg) -- Codelco, the Chilean state company battling to retain the title of world’s largest copper supplier, is set to suffer a dip in output this...
-- Codelco , the Chilean state company battling to retain the title of world’s largest copper supplier, is set to suffer a dip in output this month after a fatal accident at one of its mines, according to a top government official.“April is probably going to go down a little,” Mining Minister Aurora Williams said in an interview in Santiago Thursday. “Naturally, we have a contingency there that we hope will recover in the third quarter of this year.
The slide in Chilean production to 20-year lows has also supported prices. The slump is about to end as the giant Quebrada Blanca expansion ramps up, with output to grow about 5% this year and 6% next year, she said. To be sure, the guidance for this year is lower than a previous 5.7% projection due to updates of company data, Williams said.
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