Chile's copper output hit a 20-year quarterly low and the 2027 recovery was cut

Mining & Critical MineralsEnergy & IndustryLatin America

What changed

INE said on 30 October that September output fell 15.1% on a year earlier, to 387,870 tonnes.
Bloomberg reports the third quarter was the weakest July to September in at least 20 years.
On 30 October Cochilco cut its 2027 forecast to 5.08 Mt from 5.55 Mt. It raised its 2027 price forecast to $5.95/lb from $5.10.

Cochilco cut its Chile output forecast for 2026 and 2027

For subscribers

The full signal, with what it means, the decision and our call, is for subscribers.

Plans

Read it yourself, or bring your team.

€290 / year

The full Individual plan at a founding rate, held for as long as you stay subscribed. For the first 100 readers only.

€490 / year

The weekly Radar, every monthly Brief with its strategy pack, the watchlists, our scored calls and the full archive. Or €49 a month.

€7,500 / year

Everything above for up to fifteen readers, plus the quarterly 12–36 month outlook and a 60-minute briefing with your leadership team.

Prices exclude VAT. The founding rate closes at 100 readers. Independent: no company pays to be covered, and no subscriber shapes the conclusions.

Tell us your sector and plan, and we will be in touch.

Already a subscriber? Sign in