BHP News: Copper price bounces higher as miners cut production forecasts - 21st Jul 2022, 1:41am

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The copper price jumped higher on Wednesday, rebounding from steep declines, as Antofagasta became the latest miner to cut production guidance in response to inflation, drought and maintenance problems. London-listed Antofagasta lowered its full-year output target to a range of 640,000 to 660,000 tonnes, from 660,000 to 690,000 previously, blaming a leak in an underground pipeline at its Los Pelambres operation in Chile and continued “uncertainty about water availability”. Shares in An...

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