Codelco audit reveals 42,000t copper output inflation; governance overhaul underway
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Chile's copper production is projected to fall to its lowest level in over two decades by end-2026, according to Hacienda's macroeconomic coordinator Alejandro Guin-Po Bon. The decline, driven by structural and operational factors, poses a risk to Chile's 2027 economic growth outlook. High copper prices partially offset the volume shortfall, but the supply squeeze tightens global copper market balances.
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