Since our last report there have been a couple of data releases which are worth covering. One of the most pertinent is Chilean mine production. During November the country produced 447,432 tonnes, which was down by 7.3% year-on-year. This now marks the fifth successive month of decline. H2 production trends reversed the growth seen in H1 of 2014, leaving January- November output virtually flat year-on-year at 5.25m tonnes.
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