Arubis: El Nino Could Cause Problems for Global Copper Supply

European Smelter Aurubis has said that worsening storms in South America due to El Nino could cause trouble for copper production in Chile and Peru, Reuters reported. Northern Chile has been hit with heavy rains and flooding twice this year already, leading large copper producers to temporarily suspend their production.
As quoted in the publication:

Weather bureaus are confirming the return of an El Nino weather pattern this year, with agencies in the United States, Japan and Australia increasing their forecasts for the strength and duration of the event.
El Nino, a warming of sea-surface temperatures in the Pacific, can lead to scorching weather across Asia and east Africa but heavy rains and floods in South America.
Heavy rain and winds forced the precautionary closure of some mines in Chile earlier this month, while floods in late March cut Chile’s copper production that month and in April.

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