Also, it projected 2.6% year-on-year surge in Chilean copper production during the current year, with yearly production expected to touch 5.78 million tonnes.

The launch is scheduled for May 2, 2022, pending regulatory review.

Meantime, as the world economy enters a phase of lower growth on account of the ongoing tensions between Russia and Ukraine, the prices may witness more volatility, especially in 2023.

The world copper mine production has increased marginally by nearly 2.2% during the previous year.

The world refined copper output increased marginally by 1.3% during the initial eleven-month period in 2021.

The world copper mine production during full-year 2021 totalled 21.37 million tonnes, slightly higher by 3.8% when compared with the year before that.

The world refined copper production increased by 1.4% in the first ten months of 2021.

The global copper mine production in Jan-Nov ’21 totalled 19.53 million tonnes, marginally higher by 4.2% than the corresponding eleven-month period in 2020.