Chile copper recovery remains elusive as July exports drop
by Bloomberg Aug 07, 2023
Hopes of a sustained recovery in Chilean copper shipments are fading after the biggest-producing nation saw July exports come in at the lowest level since January.
Revenue from shipments last month slumped 13% from June levels, despite slightly higher prices for the metal. That suggests Chilean operations continue to endure project delays and mine-specific setbacks that have restrained production for the past year and a half.
Weaker supply out of Chile — a country that accounts for a quarter of global production — also helps explain why Chinese inventories are nearing critically low levels.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
Similar Stories
December 2024 crude steel production and 2024 global crude steel production totals
View Article
North American Transborder Freight was unchanged at 0.0% in November 2024 from November 2023
View ArticleDun & Bradstreet Global Business Optimism Insights Report reveals cautious economic outlook for Q1 2025
This shift suggests a redirection from previously elevated optimism levels seen in the latter half of 2024 and indicates a more cautious approach by businesses, particularly in terms of supply…
View Article
Reform of EU Customs needs to balance ‘simplification and reality’
View Article
XChange Customer Advisory: Trump 2.0, tariffs and trade
View ArticleNABTU Statement on Trump-Vance Inauguration
“North America’s Building Trades Unions congratulate President Donald J. Trump on his inauguration as the 47th President of the United States of America and Vice President JD Vance as the…
View ArticleGet the most up-to-date trending news!
SubscribeIndustry updates and weekly newsletter direct to your inbox!
Follow us on social media:
