Chile mines about 23% of the world's copper, more than any other country. July output fell 9.4% after deadly storms, and the market felt it within hours.
Markets · Chile
Key Facts
—The position Chile mined 23% of the world’s copper in 2024, more than any other country, per the US Geological Survey.
—The warning Production fell 9.4% in July 2026 after deadly storms hit the northern mining belt.
—The context Copper hit a record US$6.83 a pound in August 2026; it traded near US$6.56 on 4 September.
Chile's economy contracts as severe storms cripple copper mining operations
El cobre se dispara, pero Chile no logra aprovecharlo: las exportaciones cayeron a su nivel más bajo en más de un año
Exportaciones de cobre caen en agosto y llegan a su menor nivel en poco más de un año - La Tercera
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