Chilean manufacturing up 5.3% in September, copper down by 0.8%

Chilean manufacturing ticked up 5.3% and commercial activity was up by 6.3% in September, though the country’s copper output was down 0.8% at 484,768 tonnes, the government statistics agency INE said. INE said the manufacturing uptick was due to a 7.7% year-on-year increase in the production of food products, primarily pork, for the country’s annual independence celebrations in September. The production of alcoholic and non-alcoholic drinks also spiked.

Chile’s Codelco reports 86% leap to $1.124 billion of profits to September

Chile's State-owned miner Codelco, the world's largest copper producer, reported a 86% increase in its profit for the first nine months of the year on Friday, to $1.124-billion, amid an increase in production. The company, which turns over all its profits to government coffers, said production rose 4% year-on-year to 1.165-million tonnes in the first nine months.