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Chile Lithium Output up in August Down

Metal News - Published on Thu, 03 Oct 2019

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Reuters reported that Chile's production of both copper and lithium jumped in August, even as the country's manufacturing production dropped 1.5% compared with the same month the previous year. Government statistics agency INE said that the drop in manufacturing output was driven primarily by a year-on-year fall in the production of food products.

Copper output in world top copper producer Chile rose 11 percent to 517,902 tonnes in August compared to the same month the previous year, INE said, while non-metallic mining jumped 18 percent, driven by an increase in the output of lithium carbonate.

Total mining production increased 5.3 percent in 12 months, boosted by a low basis for comparison the previous August and improving ore grades this year.

Chile's mining industry has sputtered thus far in 2019, set back by heavy rains in the north Chilean desert, where many mines are located, and a plummeting global copper price.

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Posted By : Rabi Wangkhem on Thu, 03 Oct 2019
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