SANTIAGO, Oct. 9 (Xinhua) -- Chile will lead the rise in world copper production this year because of improved performance in major mines, according to an official quarterly report on market trends published Wednesday.
As the world's output of copper is expected to get a year-on-year increase of 4.7 percent to reach 17.9 million metric tons this year, Chile will see the largest increase of more than 266,000 metric tons, said the July-September report released by the Chilean Copper Commission (Cochilco).
The report raised Chile's annual production from a previous forecast of 5.5 million metric tons to 5.7 million metric tons.
It attributed the hike to "better performance in operations" of major mines such as Ascondida, Collahuasi and Esperanza, stressing the role of a mine operated by BHP Billiton, which has seen an output increase of some 100,000 metric tons up to July this year.
After Chile, the Democratic Republic of Congo will see rise of 213,000 metric tons in cooper output in 2013, followed by Indonesia with 119,000 metric tons, said the report.
Cochilco raised its forecast of copper price to somewhere between 3.27 and 3.32 U.S. dollars per pound this year and down to 3.15 dollars in 2014 as production surplus would remain till 2015 due to high inventories and weak global demand.