Chile's rigid labour market will pose considerable challenges to copper miners looking to keep costs low and improve margins amid price volatility in 2017. Nonetheless, the country's copper sector will return to growth by 2018 as prices stabilise over the coming years.
Peru's significant copper production growth will be driven by a strong project pipeline and competitive operating costs over the coming years, in contrast to decelerating copper production growth in top producer Chile.
Ecuador's nascent mining industry will receive a boost as rising gold prices encourage investment into the country's gold sector. Gold output will be primarily driven by the key Fruta del Norte project over our forecast period to 2020.
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Thanks, BMI Research