The value of copper exported by Chile increased by 52pc between January and August 2021, compared to the first eight months of last year, the Central Bank of Chile reported on Thursday.

 

In its statistical bulletin for September, the institution explained that in January-August, exports of the red metal reached $34.7bn, compared to the $22.8bn in the year-ago period.

 

In August, the value of Chilean copper exports increased by 40pc, to $4.3bn from $3.1bn in the eighth month of last year.

 

The Central Bank attributed the growth to the increase in global copper prices, which, it indicated, reached $4.2/lb in August.

 

The value of mining exports, which in addition to copper include zinc, iron, and lead, among others, rose by 56pc in the eight-month period, to $38bn from $24.3bn in January-August 2020.

 

Exports from this sector increased in value by 40pc in August to $4.8bn from $3.4bn in the same month a year ago.

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