Codelco's Copper Output Declines by 14% in October Amidst Industry Shifts
Copper production from Chilean state-run miner Codelco experienced a significant decline of 14.3% in October, according to data from the copper commission Cochilco. The output fell to 111,000 metric tons, marking a notable decrease in production for the company. In contrast, BHP's Escondida mine, recognized as the world's largest copper mine, reported an 11.7% increase in production, reaching 120,600 tons compared to the same month the previous year. Meanwhile, the Collahuasi mine, a joint venture between Glencore and Anglo American, saw its output drop by 29.3% to 35,000 tons. These shifts in production levels highlight varying trends within the copper mining industry in Chile, a country known for its substantial copper reserves. 
