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.

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.

Chile copper price hit a record US$6.60 a pound this week, but the government's 2027 budget still assumes just US$5.37 a pound.