Chile’s state miner Codelco reported a 25% year‑on‑year drop in copper production in August 2025, after a July 31 accident at its El Teniente mine forced operational halts. Output fell to 93,400 metric tons for the month, with the incident estimated to have removed about 33,000 tons from production. The July accident resulted in six fatalities and led to stoppages that extended into August. By comparison, BHP’s Escondida mine, the world’s largest copper operation, held relatively steady at 105,100 tons in August. Production at the Collahuasi mine, operated by Glencore and Anglo American, declined 27% to 35,400 tons on lower ore grades. The August data highlight the concentration risk in Chile’s copper supply chain and the sensitivity of national output to disruptions at key assets. Codelco, which has been working to reverse multi‑year output declines amid aging deposits and project delays, is reassessing plans at affected operations while aiming to stabilize production through 2026. Market attention remains fixed on any updated guidance from the company and the timeline for a full restart at El Teniente’s impacted areas.