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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChileChile Copper Production YoY fell to -13.8% in April 2026
FMPMonthlyReleased May 2026
Chile Copper Production YoY fell to -13.8% in April 2026, released May 2026, down 4.8% from March's -9.0% reading. The reading missed the -1.0% consensus by 12.8%. Copper Production YoY has now declined for 4 consecutive months. Over the past 3 months, Copper Production YoY averaged -6.9%, vs -4.97% in the prior 3-month window. Copper Production YoY is now the lowest in 31 months.
Latest Release
-13.8
Actual
-1
Consensus
-9
Previous
Median Absolute Error
±7.4 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -7.05
Actual: -13.8
Error: +6.75
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.38 | INDEX | Bearish S&P 500 | → View |
| BTC/USD | ▼ Inverse | −0.26 | CRYPTO | Bearish BTC | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Copper Production YoY (Chile) was reported at -13.8% in May 2026. This missed the market consensus of -1% by 12.8%. The reading fell from the previous value of -9%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -4.65%, ranging from -13.8% to 9.4% across 11 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged -7.2%, down from the prior three at -6.3%. Volatility over the past year (σ 5.64%) is comparable than the prior year (σ 5.91%). In May readings over the past 3 years, Copper Production YoY has averaged -0.6%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 7.4%.
WHAT TO WATCH NEXT
The next release is scheduled for June 30, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Copper Production YoY - CL
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About Copper Production YoY — Chile
DEFINITION
Copper Production YoY is a financial indicator that measures the year-over-year change in the amount of copper produced by a company or industry. It provides insight into the growth or decline of copper production, which can be a key factor in the overall performance and profitability of the company or industry. This indicator is commonly used by investors and analysts to assess the health and potential of the copper market.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual -13.8 %, consensus -1 %. Prior reading (Mar 2026): -9 %. Before that (Feb 2026): -4.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.