#Copper – Light at the end of the tunnel?
#Peruvian production of mined #Copper jumped by a staggering 51.5 percent to 1.12 million tonnes in the first half of this year. National output was 741,000 tonnes in the year-earlier period, according to #Peru’s ministry of energy and mines.
#Chilean production, meanwhile, has been trending lower at an accelerating pace this year and #Codelco, the country’s top producer, has switched its attention to cutting costs with serious implications for medium-term production prospects.
It is still a distant light as the market soaks up the Peruvian mine surge.