Chile’s copper output, manufacturing production plummet in May

Chuquicamata smelter. (Image courtesy of Codelco | Flickr.)

 Copper output in Chile, the world’s largest producer of the metal, fell 12.9% year-on-year in May to 423,623 metric tons, statistics agency INE said on Tuesday.

Manufacturing production in the Andean nation was also down 7.2% in the month on a yearly basis, the agency added. The data declined more than expected, economists polled by Reuters anticipated a 2.5% decrease.

(Reporting by Natailia Ramos and Aida Pelaez-Fernandez)

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