Plunging Chilean Copper Output Sparks Structural Deficit Concerns

Chile's copper production is declining sharply, exacerbating mounting global supply deficits.
The country accounts for 24% of worldwide output, with production projected to peak in 2027.
The looming production plateau at the world's top producer coincides with accelerating demand driven by artificial intelligence infrastructure and U.S. manufacturing reshoring initiatives, raising concerns that global copper supplies remain insufficient.