Chile mining output may shrink 8-9% this year, finance minister says

The downward revision matters less for its size than for what it signals: the finance minister is now conceding that Chile's mining contraction is deeper than previously assumed, and doing so at an agriculture conference rather than a mining one underscores how the slump is bleeding into the wider economic conversation. For copper supply watchers, the world's largest producer shrinking output is a structural signal, not a one-off. Whether the revised figure holds, or gets revised again before year-end, is the open question.