ICYMI – Chile’s nationwide power outage – has impacted copper operations

A major power outage plunged Santiago and much of Chile into darkness, disrupting daily life and transportation.

• Key copper mines, including Escondida, Codelco operations, Antofagasta, and Anglo American, were affected, causing concerns in global metal markets.
• Interior Minister Carolina Toha cited a failure in the northern power transmission line, ruling out a cyber attack.
• The government declared a state of emergency and imposed a curfew from 10 p.m. to 6 a.m. across multiple regions.
• Authorities activated hydroelectric plants to restore electricity, but no clear timeline for full restoration was provided.

This article was written by Eamonn Sheridan at www.forexlive.com.