Copper output in Chile, the world's largest copper producer, fell 1.6 per cent in November from a year earlier as manufacturing output rose and unemployment fell, government data showed On Friday.
The National Institute of Statistics (INE) reported that the country produced 485,716 tonnes of copper in November. Chilean copper production fell by 2% to 5.18 million tons in the year to November 2021.
Chile's manufacturing output, on the other hand, rose 5 percent in November from a year earlier, boosted by the chemical sector, INE said. The institute reported a 1.5 percent increase in October.
Chile's government also released unemployment figures for the September to November period, saying the rolling three-month unemployment rate for the eighth consecutive month fell to 7.5% from 8.1% in the quarter ending in October.
He added that the South American country's unemployment rate has also dropped by 3.3 percentage points from the same period in 2020, due to an economic recovery from the CCOVID-19 pandemic amid a robust vaccination programme.
