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Live news: BHP lowers production outlook for nickel and other metals

Staff look over at BHP’s Escondida copper mine close to Antofagasta, northern Chile. The miner maintained its full-year outlook regardless of decreasing steerage at its Chilean operations © Ivan Alvarado/Reuters

BHP has lowered its manufacturing outlook for some metals, together with nickel, echoing different massive miners. 

The most important mining firm on this planet mentioned that whole copper output was increased within the first 9 months of the yr and maintained its full-year outlook regardless of decreasing steerage at its Escondida mine in Chile, because of a better efficiency at its Olympic Dam web site in South Australia.

Moist climate affected its coal operations, the corporate mentioned. 

Mike Henry, chief government, mentioned latest engagements with prospects in China and India had “reaffirmed our constructive outlook for commodity demand”, serving to to offset slowing development within the US, Japan and Europe.