Marco Correa, chief economist at BICE Inversiones says drop is linked to " less copper extraction and processing." Copper veins are running out of easy-to-extract-profitably copper.
"The bulk of the decrease is endorsed by Codelco, where contributions fell 52% annually during 2022. In total, the state copper company contributed an amount close to US$2.3 billion to state coffers last year" as written by Ignacia Munita C.
With respect to Lithium mining Jorge Riesco President of the National Mining Society (SONAMI) points out "mining threatens to be stifled by politics and regulations."
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