Chilean Copper Producers Slash 2026 Guidance in the Wake of Severe Weather
Two leading copper producers in Chile have cut their 2026 guidance after severe storms disrupted their operations in northern Chile. Combined, Antofagasta and Lundin reduced their production expectations by up to 55,000 tons when compared to the production guidance they had initially released for 2026. The production declines stem from the storms that hit key mining regions in Chile in July and August, forcing miners to halt production and engage in costly and time-consuming recovery programs. For Antofagasta Minerals, the Las Pelambres mine was hit hardest, leading the company to now expect total production of copper in 2026 to be…