Chile’s Copper Boom Looks Set to Fade

Technical and regulatory problems look set to take the luster off of Chile’s decade long copper boom, with supply not able to keep up.

According to Reuters:

Already, the official estimate for production in 2014 has been downgraded twice, cut from 6.07 million tonnes – a drop equivalent to the output of a medium-sized mine – after teething problems at three new projects and falling output at older ones.

Juan Carlos Guajardo, head of CESCO a copper think tank, said:

Next year and toward 2016 we will see the peak of production in this decade but I don’t think we will see very significant increases in Chile until the next decade, when we hope large projects in the pipeline will be unblocked.

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