Metals
  • Gold$3,875.37/oz−0.16%
  • Silver$49.13/oz−0.46%
  • Platinum$1,432.48/oz−0.40%
  • Palladium$982.51/oz−0.17%
  • Copper$6.46/lb+0.01%
  • Aluminium$3,059/t−0.04%
  • Nickel$15,223/t−0.87%
  • Zinc$3,817/t−0.89%
  • Lead$1,895/t−0.33%
  • Lithium$14,074/t+0.04%
  • Cobalt$18.73/lb−17.85%
  • Uranium$92.55/lb+0.32%
Indicative · 12:00 UTC · Prices by MetalCharts
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Skillings Mining Review — Global

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Copper

Chile cuts 2026 copper output forecast as Codelco faces production probe

Cochilco cut its 2026 Chilean copper output forecast to 4.94 million metric tons and raised its price targets for both years, while Codelco fired eight executives and employees over production figures that may have been counted twice in 2024 and 2025.

Chile’s copper commission cut its 2026 copper output forecast to 4.94 million metric tons and raised its price outlook for both years. Separately, Codelco faces a Nov. 5 meeting over production it may have counted twice. Chile’s copper commission on Friday cut its 2026 production forecast to 4.94 million metric…

By Charles Pitts 3 min read

The Assay
Saturday, 31 October 2026

The Assay in 60 seconds

Full briefing

Today in brief Cochilco cut its 2026 Chilean copper output forecast to 4.94 million metric tons and raised its price targets for both years, while Codelco fired eight executives and employees over production figures that may have been counted twice in 2024 and 2025.

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Market news

Markets this morning

  • Gold $3,875.37/oz −0.16%
  • Copper $6.46/lb +0.01%
  • Cobalt $18.73/lb −17.85%
  • Zinc $3,817/t −0.89%

Key metals and the biggest movers since the previous close · as of 31 Oct 12:00 UTC · Prices by MetalCharts

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