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Chile produced 453,638 tonnes of copper in January, down 13.
8 percent from a year earlier, as copper prices hovered near multi-year lows and miners cut output
, according to the Chilean government.
Chile is the world's
largest producer of copper.
Falling demand from China, the top consumer, led to lower copper prices, causing global miners to suspend or cut production
.
According to the Chilean National Institute of Statistics, Chile's copper production reached a record level in January last year, which is also the reason for
the sharp decline in copper production in January this year.
Chile produced 5.
79 million tonnes of copper in 2015, a slight increase
from the previous year.
Copper production is expected to remain stable
this year.
Here are the production details:
January 2016 | December 2015 | January 2015 | |
Copper production (tons) | 453,638 | 495,953 | 526,126 |