FX.co ★ Chile’s Copper Slump Eases as January Output Decline Moderates to 3% YoY

Chile’s copper sector showed signs of tentative stabilization in early 2026, as the pace of annual output decline slowed in January. According to the latest data updated on 27 February 2026, copper production in Chile fell by 3.0% year-over-year in January 2026, compared with a deeper 4.7% year-over-year contraction recorded in December 2025.

Both figures are measured on a year-over-year basis, comparing each month’s production to the same month a year earlier. The improvement from December’s -4.7% to January’s -3.0% suggests that while Chile’s copper industry remains under pressure, the downturn is becoming less severe. Investors and commodity markets are likely to watch upcoming data closely to assess whether this moderating trend continues in the months ahead.