Commodities
Chile Industrial Output Plunges 5.1% in July Amid Copper Price Slump
Chile's industrial production took a sharp downturn in July, plummeting 5.1% year-on-year after a modest growth of 1.3% in the previous month.
The decline was broad-based, with manufacturing output falling and mining production contracting due to lower copper prices and operational disruptions at several major mines.
Weaker global demand and persistent supply chain challenges also weighed on factory activity, according to official data released on [Date].
Copper prices have fallen by approximately 5% from their 2023 peak, squeezing margins for miners and prompting some companies to scale back expansion plans.