AGL 38.50 Increased By ▲ 0.93 (2.48%)
AIRLINK 131.70 Decreased By ▼ -0.80 (-0.6%)
BOP 5.60 Decreased By ▼ -0.04 (-0.71%)
CNERGY 3.84 Increased By ▲ 0.07 (1.86%)
DCL 8.71 Decreased By ▼ -0.16 (-1.8%)
DFML 40.80 Decreased By ▼ -0.20 (-0.49%)
DGKC 89.00 Decreased By ▼ -1.16 (-1.29%)
FCCL 35.20 Increased By ▲ 0.12 (0.34%)
FFBL 66.45 Decreased By ▼ -0.05 (-0.08%)
FFL 10.45 Increased By ▲ 0.30 (2.96%)
HUBC 109.67 Increased By ▲ 3.27 (3.07%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.83 Decreased By ▼ -0.03 (-0.62%)
KOSM 7.09 Increased By ▲ 0.24 (3.5%)
MLCF 42.55 Increased By ▲ 0.75 (1.79%)
NBP 59.00 Increased By ▲ 0.42 (0.72%)
OGDC 184.20 Increased By ▲ 2.95 (1.63%)
PAEL 25.70 No Change ▼ 0.00 (0%)
PIBTL 5.90 Increased By ▲ 0.07 (1.2%)
PPL 147.80 Decreased By ▼ -0.60 (-0.4%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.43 Increased By ▲ 1.19 (7.81%)
SEARL 69.21 Increased By ▲ 0.42 (0.61%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 36.09 Increased By ▲ 0.09 (0.25%)
TPLP 7.56 Increased By ▲ 0.16 (2.16%)
TREET 14.19 Decreased By ▼ -0.05 (-0.35%)
TRG 50.90 Increased By ▲ 0.05 (0.1%)
UNITY 26.89 Increased By ▲ 0.49 (1.86%)
WTL 1.23 Increased By ▲ 0.02 (1.65%)
BR100 9,822 Increased By 54.5 (0.56%)
BR30 29,806 Increased By 405.7 (1.38%)
KSE100 92,402 Increased By 464.3 (0.5%)
KSE30 28,842 Increased By 98.2 (0.34%)
Markets

Chile copper exports rise in September on high prices

  • The world's top copper producer posted total exports in the month of $7.429 billion, up 24.4% year on year, and a trade surplus of $79 million
Published October 7, 2021

SANTIAGO: Chilean copper exports hit $4.157 billion in value in September, up 18.5% from a year earlier, boosted by strong global prices for the metal, the country's central bank said on Thursday.

The world's top copper producer posted total exports in the month of $7.429 billion, up 24.4% year on year, and a trade surplus of $79 million, the bank added.

Copper prices hit record highs in May, driven by expectations of global recovery from the COVID-19 pandemic. They have since retreated because of predictions of weaker demand from top buyer China.

The strong advance in copper exports marks a recovery after output in Chile was curtailed by strikes at mines operated by state-owned mining giant Codelco and at JX Nippon Mining's Caserones mine. The industrial action ended early in September.

The Andean nation also hosts global mining firms including Glencore, Anglo American, Freeport-McMoRan and Antofagasta.

Later this year it is headed for presidential elections and is redrafting its constitution, which could change the rules for the all-important copper sector.

Comments

Comments are closed.