Codelco’s January-September Output Falls 5 Percent

Reuters reported that Codelco said that their copper production slid by from January through September by 5 percent, year-over-year, pushed down by decrease in output because of declining ore grade at aging deposits.

As quoted in the market report:

The state-run miner now expects to produce a little under 1.7 million tonnes of copper this year, from a previous forecast of around 1.7 million tonnes, ebbing from 2011′s levels as ore grades stubbornly decline.

To view the whole Reuters report, click here.