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Bloomberg reports that Chile, the world’s largest copper producer, have almost lost about 8 percent of its output due to adverse weather, strikes and project delays.

Bloomberg reports that Chile, the world’s largest copper producer, have almost lost about 8 percent of its output due to adverse weather, strikes and project delays.

The market news is quoted as saying:

Copper prices have climbed 22 percent in the past year as production at mining companies including BHP Billiton Ltd. and Rio Tinto Group were affected by falling ore grades, labor disputes and adverse weather.

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