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Copper Mining Giant Cuts Production Forecast Amid Continuing Chile Drought

LONDON

Miner Anglo American Plc on Tuesday forecast lower full-year copper production, as it grapples with a water shortage in Chile, while raising the annual iron-ore production outlook for its Minas-Rio mine in Brazil.As the world’s largest copper producer, Chile has been caught in the middle of the U.S.-China trade war, while those woes have been compounded by the country’s worst drought in 60 years.

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